200 Old Phelps Lane, Morehead, KY 40351

Listing agent Tamara Hurst License #272958 Show Phone

Listing office SimpliHOM 401 W Main St Ste 204, Lexington, KY Show Phone

Listing date Sep 12, 2025

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MLS# 25501216 Listing URL

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Overview

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.

Map

City

Morehead

County

Rowan

State

Kentucky

Longitude

-83.553694

Latitude

38.185291

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FAQs

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