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Street View
$889,000
Monthly Est:$4,425
-- Bed
- -- Bath
6.5acres lot
200 Old Phelps Ln, Morehead, KY 40351
$889,000
$4,425/moEst:
Get Pre-Approved
Unimproved Land
Built in -
$-- HOA
6.5 acres lot
$136,769/acre
Description
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. *Some Photos are AI renders to inspire vision.
- Houzeo last checked: 6 hours ago
- Listing updated: October 13, 2026 at 10:04 am
- Listing Provided by: Tamara Hurst (502) 229-3378 | SimpliHOM (859) 509-8401
- Source: Lexington Bluegrass AOR (Imagine) MLS-KY | MLS#: 25501216

Property Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
6.5 acres lot
Basement Area
- sqft
MLS Name
Lexington Bluegrass AOR (Imagine) MLS
MLS Number
25501216
MLS Status
Active
Days on Market
221
Cumulative Days on Market
393

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Utilities & Energy
Utilities
Electricity Available, Sewer Available, Water Available
Other Features
Lot Features
Wooded, Gentle Sloping, Irregular Lot
Subdivision Name
Rural
Price History
| Date | Event | Price |
|---|---|---|
04/17/2026 Source: | Price Decreased | $889,000 -5.32% $0/sqft |
03/15/2026 Source: | Price Decreased | $939,000 -5.06% $0/sqft |
09/13/2025 Source: | Listed for Sale | $989,000 $0/sqft |
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Based on information from the IMAGINE MLS® through Oct 22, 2026, 03:47PM. Copyrighted by the Imagine MLS®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data on this website is deemed reliable but is not guaranteed accurate by the MLS. © 2026 IMAGINE MLS®. All Rights Reserved.
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