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Lot/land
  • Price cut: $50K (3/2)
    $939,000

    200 Old Phelps Rd, Morehead, KY 40351

    --beds
    0baths
    6.5Acres
    Unimproved Land
    Built in ----
    6.5 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    209 days
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    58
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    0
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    Zillow last checked: 7 hours ago

    Listing updated: March 16, 2026 at 05:27pm

    Listed by:

    Tamara Hurst 502-229-3378,

    SimpliHOM

    Source: Imagine MLS,MLS#: 25501216MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0

      Property

      Lot
      • Size: 6.5 Acres
      • Features: Irregular Lot, Wooded, Gentle Sloping
      • Topography: Gentle Sloping, Wooded
      Details
      • Parcel number: 0190000003.00
      • Zoning: R-1T
      • Zoning description: Flexible

      Utilities & green energy

      • Utilities for property: Electricity Available, Sewer Available, Water Available

      Community & HOA

      Community
      • Subdivision: Rural
      Location
      • Region: Morehead

      Financial & listing details

      • Tax assessed value: $50,000
      • Annual tax amount: $426
      • Date on market: 3/15/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $836/mo

        Price history

        Price history
        DateEventPrice
        3/2/2026Price change$939,000-5.1%
        Source: Imagine MLS #25501216 Report a problem
        9/13/2025Listed for sale$989,000
        Source: Imagine MLS #25501216 Report a problem
        9/12/2025Listing removed$989,000
        Source: Imagine MLS #25007100 Report a problem
        4/27/2025Price change$989,000-1%
        Source: Imagine MLS #25007100 Report a problem
        4/10/2025Listed for sale$999,000+185.4%
        Source: Imagine MLS #25007100 Report a problem
        4/19/2021Listing removed--
        Source: Imagine MLS #20101152 Report a problem
        1/21/2021Listed for sale$350,000+0%
        Source: Imagine MLS #20101152 Report a problem
        2/10/2020Listing removed$349,900
        Source: RE/MAX All Star #1918567 Report a problem
        8/12/2019Listed for sale$349,900
        Source: RE/MAX All Star #1918567 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2023$426 +79.3%$50,000 +81.8%
        2022$238 -2.5%$27,500
        2021$244 -1.8%$27,500
        2020$248 -1.1%$27,500
        2019$251 +0.4%$27,500
        2018$250 +7.5%$27,500
        2017$232 $27,500
        2016$232 $27,500
        2014$232 $27,500

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 40351

        Getting around

        2 / 100
        Car-Dependent
        15 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        Local experts in 40351

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