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Commercial Land with Highway Frontage
For Sale
$1,000,000

1 Old Phelps Rd, Morehead, KY 40351

Filled 1-acre lots with approximately 550' total frontage on KY 801 North and access off Old Phelps Lane.

Property SizeContact for details
Days on Market148

Property Features for 1 Old Phelps Rd

General Information

Standard status Active
Property subtype Land
Listing Agency: C Roger Lewis Agency
Listed By: Damon M Ballinger · License #201292
Source: Exprealty
Added: Apr 15 Changed: Aug 20 Last Checked: Sep 8 at 12:30PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of C Roger Lewis Agency

Investment Insights

Based on property information with market context.

Acreage available in three separate 1-acre lots, with the site reported as filled and ready for development. The offering includes a total of approximately 550' of frontage on KY 801 North.

The property is described as some of the last available acreage next to I-64, with access off Old Phelps Lane. Public remarks note the location may be well-suited for uses such as a restaurant or hotel, along with other commercial development opportunities.

Price is listed for the 1-acre lots, with three lots available.

Key Highlights

  • 1‑acre lots next to I‑64 with approximately 550' total frontage on KY 801 North
  • 3 lots available, listed at $1,000,000 per lot (price listed per 1‑acre lot)
  • Acreage has been filled and includes access off Old Phelps Lane

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Big Box & Wholesale Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

29
Businesses Nearby

Demographics for 40351, KY

22,305
Population
9,497
Households
2.3
Avg Household Size
33
Median Age
27%
College-Educated
88%
High-School Grad
268.2 sq mi
ZIP Area
83
Density / Sq Mi
$51,110
Median Household Income
$26,278
Median Earnings
$775
Median Rent
$163,000
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Filled 1-acre lots with approximately 550' total frontage on KY 801 North and access off Old Phelps Lane.
Where is this commercial land located?
The property is located at 1 Old Phelps Rd Morehead, KY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 1‑acre lots next to I‑64 with approximately 550' total frontage on KY 801 North; 3 lots available, listed at $1,000,000 per lot (price listed per 1‑acre lot); Acreage has been filled and includes access off Old Phelps Lane
More about this property
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