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
...
(Read more)
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.
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.
