Additional Details

Property Details

Lot Dimensions:

283140

Lot Features:

0, 1, 2

Utility Options:

0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52

Zoning:

R 1T

Building Utilities:

Electricity Available, Sewer Available, Water Available

Directions:

Off Of I64, Take Exit 133. Turn Left Off The Exit Ramp And Take The First Right Onto Old Phelps Road. Property Is On The Left (Partially Cleared And Partially Wooded

Tax and Financial Info

Quick View

Address:

200 Old Phelps Lane Morehead KY 40351

Status:

Active

On Site:

295 Days On Site

Price:

$889, 000

Lot Size:

6.5

County:

Rowan

MLS #:

25501216

Property Type:

Unimproved Land

Community Information

Area:

061 Rowan County

City:

Morehead

Subdivision:

Rural

Zip Code:

40351

Description

This 6.5-acre commercial property off I-64 at exit 133 is competitively priced, partially cleared, and ready for excavation. With over 400 feet of road frontage, it ensures excellent visibility. Situated in one of Kentucky's fastest-growing areas, the site links the interstate to Cave Run Lake and Daniel Boone National Forest. Nearby amenities include AppHarvest Greenhouse, Rowan County Airport, National Guard Readiness Center, and Maysville Community College. Recent investments, such as Eastern Light Distilling's 140 million project, showcase the area's growth, alongside upcoming developments like Liberty Mart and Hog's Trough Barbecue Restaurant. 6.5-acre commercial property, conveniently located just off I-64 at exit 133. Priced competitively, this parcel is partially cleared and ready for excavation, making it an ideal investment for savvy developers and business owners. Strategic Location: Directly accessible from I64, ensuring high traffic exposure and easy access for customers and clients. Flexible Zoning: The property benefits from flexible zoning, allowing for a wide range of commercial uses, from retail and office space to service-oriented businesses. 400 Feet of Road Frontage: Significant road frontage enhances visibility, making it an attractive option for businesses seeking to maximize exposure to passing traffic. Potential for Subdivision: The owners may be willing to subdivide the property, providing flexibility for smaller developments or partnerships. Partially Cleared: The site is already partially cleared, reducing preparation time and costs for potential buyers. With flexible zoning, this property is primed for a variety of commercial endeavors—whether you envision a healthcare facility, an office complex, multifamily housing, or another innovative project, the possibilities are endless. *Some Photos are AI renders to inspire vision.

Source: LBAR as distributed by MLS GRID, MLS ID: 25501216

Listing provided courtesy of Tamara Hurst with SimpliHOM

Last Updated: 4/17/2026 | 4:55 PM

Home Details

Status: Active

Price: $889,000

Address: 200 Old Phelps Lane, Morehead, KY 40351

Bedrooms:

Bathrooms: 0

Square Feet:

295 days on Site

• Property Type: Land
• 295 days on Site
• 6.5 Lot Size