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    40 Lakewood Dr Morehead, KY 40351

    For Sale
    $125,000

    Vacant Land - Morehead, KY

    Lot size:
    1.05 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 40 Lakewood Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    900
    Parking features
    Garage
    Lot size
    1.05 Acres

    Building Details

    Architectural style
    Other

    A + Henry Real Estate LLC (606) 794-0786

    Listing agent Anthony Henry (606) 794-0786

    Listing date Nov 4, 2025

    MLS# 11601160 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway Frontage Land Near Cave Run

    This 1.045-acre lot is located along Highway 801 South, minutes from Cave Run Lake and a short drive to downtown Morehead, Kentucky. The property is suitable for both commercial and residential development. The gently rolling terrain and convenient access make it suitable for a wide range of uses, from a retail business, restaurant, or professional office to a vacation rental, cabins, or private residence. The location offers visibility, steady traffic, and growth potential. It is close to recreation, dining, and Morehead State University. Utilities are available nearby, and zoning flexibility makes this a rare find in the area. The property is located at 40 Lakewood Drive, Morehead, KY 40351. Additional lots are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Building Supply Clothing Store Hotel & Motel Department Store Bar & Pub Grocery Store Women's Store Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morehead
    County
    Rowan
    State
    Kentucky
    Longitude
    -83.544982
    Latitude
    38.126992

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    FAQs

    What type of property is this?
    Land - 1.045 acre lot suitable for commercial or residential development.
    Where is this land located?
    The property is located at 40 Lakewood Dr Morehead, KY.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - 1.045-acre lot on highly traveled Highway 801 South.; - Minutes from Cave Run Lake and a short drive to downtown Morehead.; - Suitable for commercial or residential development.
    (606) 794-0786
    Request Owner's contact information
    40 Lakewood Dr Morehead, KY 40351
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 Lakewood Dr Morehead, KY 40351
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