For Sale
Land for sale at 200 Old Phelps Ln, Morehead, KY 40351 | MLS# 25501216 | Listing updated on 2026-10-13
Photo 1 of Land for sale at 200 Old Phelps Ln, Morehead, KY 40351 | MLS# 25501216 | Listing updated on 2026-10-13
Photo 2 of Land for sale at 200 Old Phelps Ln, Morehead, KY 40351 | MLS# 25501216 | Listing updated on 2026-10-13
Photo 3 of Land for sale at 200 Old Phelps Ln, Morehead, KY 40351 | MLS# 25501216 | Listing updated on 2026-10-13
Photo 4 of Land for sale at 200 Old Phelps Ln, Morehead, KY 40351 | MLS# 25501216 | Listing updated on 2026-10-13
23+
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Street View

$889,000

Monthly Est:$4,425

  • Beds Icon-- Bed
  • Beds Icon
    -- Bath
  • Beds Icon6.5acres lot

200 Old Phelps Ln, Morehead, KY 40351

$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 Lexington Bluegrass AOR (Imagine) MLS-KY

Property Details

  • Status

    Active

  • Type

    Land

  • No. of Stories

    -

  • County

    Rowan County

  • City

    Morehead

  • 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

DateEventPrice

04/17/2026

Source: mls_logoLexington Bluegrass AOR (Imagine) MLS-KY #25501216

Price Decreased

$889,000 -5.32%

$0/sqft

03/15/2026

Source: mls_logoLexington Bluegrass AOR (Imagine) MLS-KY #25501216

Price Decreased

$939,000 -5.06%

$0/sqft

09/13/2025

Source: mls_logoLexington Bluegrass AOR (Imagine) MLS-KY #25501216

Listed for Sale

$989,000

$0/sqft

Nearby Homes

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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