# 1 Old Phelps Lane, Morehead, KY 40351

> **TL;DR:** land, $1,000,000. Est. $5,349/mo. Listed 200 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,000,000 |
| Lot Size | 43,560 sqft (1.00 acres) |
| Property Type | Land (Other) |
| Status | Active |
| Days on Market | 200 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $5,057 |
| Estimated Insurance | $292 |
| **Total** | **$5,349** |

## Property Highlights

- 1.00 acre lot

## Description

### Agent Description
Some of the last Acreage Available next to I-64 with 550' total frontage on KY 801 North. Price is for 1 Acre Lots - There are 3 Lots Available at $1,000,000.00 per lot. Acreage has been filled and has good access off Old Phelps Lane. Ideal for Restaurant, Hotel and Many other Commercial Uses.

## Location

- **Address:** 1 Old Phelps Lane, Morehead, KY 40351
- **County:** Rowan
- **Neighborhood:** Rural
- **Coordinates:** 38.187122, -83.555858
- **Google Maps:** https://www.google.com/maps?q=38.187122,-83.555858

## Listing Agent

- **Name:** Damon M Ballinger
- **Brokerage:** C Roger Lewis Agency
- **Broker Phone:** 6067844168
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1-Old-Phelps-Rd_Morehead_KY_40351_M98247-59554?f=listhub&s=LBARKY&m=26007928&c=propsimple)

## Photos

![1 Old Phelps Lane - Photo 1](http://lh.rdcpix.com/8ff33290033dad473baeafaf6e3f3df1l-f2706205483r.jpg)

![1 Old Phelps Lane - Photo 2](http://lh.rdcpix.com/8ff33290033dad473baeafaf6e3f3df1l-f3810331285r.jpg)

![1 Old Phelps Lane - Photo 3](http://lh.rdcpix.com/8ff33290033dad473baeafaf6e3f3df1l-f959094981r.jpg)

![1 Old Phelps Lane - Photo 4](http://lh.rdcpix.com/8ff33290033dad473baeafaf6e3f3df1l-f3882893838r.jpg)

![1 Old Phelps Lane - Photo 5](http://lh.rdcpix.com/8ff33290033dad473baeafaf6e3f3df1l-f3565378275r.jpg)

![1 Old Phelps Lane - Photo 6](http://lh.rdcpix.com/8ff33290033dad473baeafaf6e3f3df1l-f160931376r.jpg)

![1 Old Phelps Lane - Photo 7](http://lh.rdcpix.com/8ff33290033dad473baeafaf6e3f3df1l-f1487293205r.jpg)

![1 Old Phelps Lane - Photo 8](http://lh.rdcpix.com/8ff33290033dad473baeafaf6e3f3df1l-f2931736593r.jpg)

---

**MLS#:** 26007928 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1-old-phelps-lane-morehead-ky-40351-755e8d5327974ea19c08a95021d3846a)

---

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