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    200 Old Phelps Ln Morehead, KY 40351

    For Sale
    $989,000

    LAND - Morehead, KY

    Lot size:
    6.50 Acres
    Days on Market:
    24
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 200 Old Phelps Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1T
    APN
    019-0000003.00
    Lot size
    6.50 Acres

    Utilities

    Utilities
    Water Available

    SimpliHOM (859) 509-8401

    Listing agent Tamara Hurst (859) 509-8401

    Listing date Nov 14, 2025

    MLS# 25501216 Listing URL

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land I-64 Exit

    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 site is positioned to connect 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 in the area include Eastern Light Distilling's 140 million project. Upcoming developments include 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 zoned R-1T and is located in Rowan County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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 Ln Morehead, KY.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: - Prime Location: Directly off I-64 (Exit 133) in a rapidly growing area of Kentucky, linking the interstate to major attractions.; - High Visibility: Over 400 feet of road frontage ensures excellent exposure.; - Development Ready: Partially cleared and ready for excavation.
    (859) 509-8401
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    200 Old Phelps Ln Morehead, KY 40351
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 Old Phelps Ln Morehead, KY 40351
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