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Mixed-Use Land for Sale in Morehead, Kentucky

200 Old Phelps Ln, Morehead, KY 40351

$989,000
6.5 acres
Active
Est $7,410/mo

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.

Location

Street address
200 Old Phelps Ln
Elevation
925 feet
Coordinates
38.1853, -83.5537

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

Property details

Acreage
6.5 acres
Zoning
R-1T
MLS #
LBAR 25501216
Posted

Parcels

  • 019-0000003.00

Details and features

Listing

Type
Land

Lot

Features
Gentle Sloping, Irregular Lot, Wooded

Property utilities

CategoryTypeStatusDescription
WaterPublicAvailable

Listing history

DateEventPriceChangeSource
Sept 13, 2025New listing$989,000LBAR
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This 6.5-acre property is located at 200 Old Phelps Ln in Morehead, KY 40351. The property is available for sale for $989,000 with a price per acre of $152,154.

Checked 30 mins ago — Updated

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