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.
Lot/land
$989,000
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
Ready for excavation
- 106 days |
- 35 |
- 0 |
Zillow last checked: 8 hours ago
Listing updated: December 23, 2025 at 04:35pm
Listed by:
Tamara Hurst 502-229-3378,
SimpliHOM
Source: Imagine MLS,MLS#: 25501216
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: $27,500
- Annual tax amount: $238
- Date on market: 9/13/2025
Estimated market value
Not available
Estimated sales range
Not available
$836/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/13/2025 | Listed for sale | $989,000 |
Source: | ||
| 9/12/2025 | Listing removed | $989,000 |
Source: | ||
| 4/27/2025 | Price change | $989,000-1% |
Source: | ||
| 4/10/2025 | Listed for sale | $999,000+185.4% |
Source: | ||
| 4/19/2021 | Listing removed | -- |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2022 | $238 -2.5% | $27,500 |
| 2021 | $244 -1.8% | $27,500 |
| 2020 | $248 -1.1% | $27,500 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 40351
Nearby schools
GreatSchools rating
- 6/10Mcbrayer Elementary SchoolGrades: K-5Distance: 4.4 mi
- 4/10Rowan County Middle SchoolGrades: 6-8Distance: 4.4 mi
- 7/10Rowan County Senior High SchoolGrades: 9-12Distance: 4.2 mi
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