200 Old Phelps Lane, Morehead, KY

$989,000

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6.50

Acres

About 200 Old Phelps Lane

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.

Land property for sale in Morehead, KY at 200 Old Phelps Lane.

Facts & Features of 200 Old Phelps Lane

MLS® # 25501216
Price $989,000
Acres 6.50
Type Land
Sub-Type Unimproved Land
Status Active

Community Information of 200 Old Phelps Lane

Address 200 Old Phelps Lane
Area 061 - Rowan County
Subdivision Rural
City Morehead
County Rowan
State KY
Zip Code 40351

Amenities of 200 Old Phelps Lane

Utilities Electricity Available, Sewer Available, Water Available
Is Waterfront No
Has Pool No

Interior of 200 Old Phelps Lane

Fireplace No
Master On Main floor No

Exterior of 200 Old Phelps Lane

Lot Description Irregular Lot, Wooded, Gentle Sloping
Best Us Of Property Agricultural, Commercial, Industrial, Pasture, Residential, Professional

Additional Information On 200 Old Phelps Lane

Date Listed September 12th, 2025
Zoning Flexible
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details On 200 Old Phelps Lane

OfficeSimpliHOM

Listing Map

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