Prime Commercial Land I-64
For Sale
$889,000
200 Old Phelps Lane, Morehead, KY 40351
LAND - Morehead, KY
Lot Size6.50 Acres
Days on Market324
Property Features for 200 Old Phelps Lane
General Information
Property type
Land
Property subtype
Other
Zoning
R-1T
Zoning description
Flexible
Subdivision
Rural
Lot features
Irregular Lot, Wooded, Gentle Sloping
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
Standard status
Active
APN
019-0000003.00
Lot size
6.50 Acres
Utilities
Utilities
Water Available
Listing Agency:
SimpliHOM
(859) 509-8401
Listed By:
Tamara Hurst · License #272958
(502) 229-3378
Added: Sep 12, 2025
Changed: Apr 17
Last Checked: Aug 1 at 1:06AM
MLS# 25501216
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6.5-acre commercial property is located off I-64 at exit 133. The parcel is partially cleared and ready for excavation. It features over 400 feet of road frontage. The location provides access 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 in the area include Eastern Light Distilling's 140 million project, along with upcoming developments like Liberty Mart and Hog's Trough Barbecue Restaurant. The property benefits from flexible zoning, allowing for a wide range of commercial uses, from retail and office space to service-oriented businesses. The owners may be willing to subdivide the property, providing flexibility for smaller developments or partnerships. The property is suited for a healthcare facility, an office complex, or multifamily housing.
Key Highlights
- Directly accessible from I‑64 at Exit 133, ensuring high traffic exposure and easy access
- Flexible zoning allows for a wide range of commercial uses
- Priced competitively and partially cleared, reducing initial investment
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 40351, KY
22,305
Population
9,497
Households
2.3
Avg Household Size
33
Median Age
27%
College-Educated
88%
High-School Grad
268.2 sq mi
ZIP Area
83
Density / Sq Mi
$51,110
Median Household Income
$26,278
Median Earnings
$775
Median Rent
$163,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - 6.5-acre commercial property off I-64, ready for development.
Where is this commercial land located?
The property is located at 200 Old Phelps Lane Morehead, KY.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Directly accessible from I‑64 at Exit 133, ensuring high traffic exposure and easy access; Flexible zoning allows for a wide range of commercial uses; Priced competitively and partially cleared, reducing initial investment
