200 Old Phelps Lane Morehead, KY $ 989,000
200 Old Phelps Lane
$ 989,000
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200 Old Phelps Lane

Morehead, KY, 40351
$ 989,000
Baths0.0

Monthly Estimate*

$ 6,170

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Studio

Lots and Land for sale in Morehead, KY

for $989,000. The lot size is 6.5.

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.

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Lots and Land Active

Price

$ 989,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

Unimproved Land

Lot Size

6.5

Town/City

Morehead

County/Region

Rowan

MLS | Web ID

25501216

Features
General
Utilities Electricity Available Sewer Available Water Available
Zoning R-1T
Topography Gentle Sloping Wooded
Property Subtype Unimproved Land
Current Use Vacant
Parcel Number 019-0000003.00
County Rowan
New Construction N
Property Type Land
Subdivision Name Rural
Possible Use Professional Residential Pasture Industrial Commercial Agricultural
Status Active
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
City Morehead
Zoning Description Flexible
MLS Area 061 - Rowan County
Lot Size Units Acres
Lot Size Square Feet 283140.0
Land Lease Y/N N
MLS Area Minor 061 - Rowan County
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Lot Features Wooded Gentle Sloping Irregular Lot
Lot Size Area 6.5
Lot Dimensions Irregular
Lot Size Acres 6.5
Number of Lots 1
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Baths 0
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Internal Only
Street Number 1 200
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* Excluded Features
List By
Simplihom

Broker

Affordability Calculator

$6,170
Per Month
100%
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Monthly Principal & Interest
$6,170
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
458656 Elementary School
458772 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/13/2025$989,000 Listed Price

Map


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200 Old Phelps Lane, Morehead, KY, 40351 is a Lots and Land for sale at $989,000 with a lot size of 6.5. 200 Old Phelps Lane is a studio with 0.0 baths. The property's zip code is 40351 which is in Morehead, KY