
1 Acre of Mixed-Use Land for Sale in Morehead, Kentucky
40 Lakewood Dr, Morehead, KY 40351
Discover an incredible investment opportunity with this 1.045-acre lot along highly traveled Highway 801 South. Ideally located just minutes from Cave Run Lake and a short drive to downtown Morehead, this versatile property provides endless potential for both commercial and residential development. The gently rolling terrain and convenient access make it perfect for a wide range of uses - from a retail business, restaurant, or professional office to a vacation rental, cabins, or private residence. With its proximity to one of Kentucky's most popular recreational destinations and Morehead State University, the location offers excellent visibility, steady traffic, and strong growth potential. Whether you're an investor, entrepreneur, or builder, this property is ready to bring your vision to life. Utilities are available nearby, and zoning flexibility makes this a rare find in the area. Highlights: 1.045 acres on Hwy 801 South Minutes from Cave Run Lake and Morehead, KY Suitable for commercial or residential use High visibility and easy access Close to recreation, dining, and Morehead State University Don't miss this opportunity to own a prime piece of property in one of Eastern Kentucky's most desirable areas. Address: 40 Lakewood Drive Hwy 801 South, Morehead, KY 40351 Additional Lots Available
Location
- Street address
- 40 Lakewood Dr
- County
- Rowan County
- Community
- Farmers
- School district
- Rowan County
- Elevation
- 740 feet
Directions
ake I-64 from Lexington to Cave Run Lake Exit turn right go 3 miles property on the left.
Property details
- Acreage
- 1.05 acres
- Zoning
- Mixed Use
- MLS #
- MyStateMLS 11601160
- Posted
Details and features
Listing
- Type
- Vacant Land
Lot
- View
- Mountain, Scenic, Woods
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 5, 2025 | New listing | $125,000 | — | MyStateMLS |










