200 Old Phelps Lane, Morehead, KY 40351

$889,000
Property Type: Land Lot Size (sq. ft.): 283,140 Status: Active
Current Price: $889,000 List Date: 3/15/2026 Last Modified: 4/17/2026

Overview

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 custo ...

Listing Details MLS# 25501216

Listing Information

Comp Sale YN
No
Property Sub Type
Unimproved Land

Status Change Information

Price Change Timestamp
2026-04-17T16:53:32Z
Status Change Timestamp
2026-03-15

Address

County
Rowan
Street Number
200
Street Name
Old Phelps
Street Suffix
Lane
State
KY
Zip Code
40351
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
Parcel Number
019-0000003.00

Contract

Original List Price
989000
Start Showing Date
2025-10-09
Listing Contract Date
2025-09-12
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/Acre
136769.23
List Price/SqFt
3.14

Tax Legal

MLS Area Major
061 - Rowan County
Subdivision Name
Rural

Lot

Number Of Lots
Yes
Lot Size Acres
6.5
Lot Size Square Feet
283140
Lot Size Dimensions
Irregular
Road Frontage Feet
400
Conservation Easement YN
No
Elevation Units
Feet

More Information

Remarks

Public Remarks
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.

Property Details

Deed Restrictions YN
No
Easements YN
No

Tax & Legal

Additional Parcels YN
No
Zoning
R-1T
Zoning Description
Flexible

Utilities

Electricity Available
Yes
Sewer Available
Yes
Water Available
Yes

Lot Features

Gentle Sloping
Yes
Irregular Lot
Yes
Wooded
Yes

Current Use

Vacant
Yes

Possible Use

Agricultural
Yes
Commercial
Yes
Industrial
Yes
Pasture
Yes
Professional
Yes
Residential
Yes

Showing Requirements

Call Listing Agent
Yes
Show Anytime
Yes

Property Features

Utilities: Electricity Available; Sewer Available; Water Available; Electricity Available; Sewer Available; Water Available Current Use: Vacant Lot Features: Gentle Sloping; Irregular Lot; Wooded Possible Use: Agricultural; Commercial; Industrial; Pasture; Professional; Residential Showing Requirements: Call Listing Agent; Show Anytime
Listing Office: SimpliHOM
Last Updated: April - 17 - 2026
Information deemed reliable but not guaranteed.