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1 Acre of Mixed-Use Land for Sale in Morehead, Kentucky

40 Lakewood Dr, Morehead, KY 40351

$125,000
1 acre
Active
Est $937/mo

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
Community
Farmers
School district
Rowan County
Elevation
740 feet
Coordinates
38.127, -83.545

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

DateEventPriceChangeSource
Nov 5, 2025New listing$125,000MyStateMLS
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This 1.05-acre property is located at 40 Lakewood Dr in Morehead, KY 40351. The property is available for sale for $125,000 with a price per acre of $119,048.

Checked 37 mins ago — Updated

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