$989,000

200 Old Phelps Ln Morehead, KY 40351

Estimated payment $5,201/month

Total Views 17,526
6.5 Acres
$152,154 Price per Acre
283,140 Sq Ft Lot

Highlights

  • 6.5 Acre Lot
  • Wooded Lot
  • Gentle Sloping Lot

About This Lot

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.

Listing Agent

Tamara Hurst

SimpliHOM License #272958 Listed on: 09/13/2025

Property Details

Property Type

  • Land

Lot Details

  • 6.5 Acre Lot
  • Irregular Lot
  • Gentle Sloping Lot
  • Wooded Lot
  • Property is zoned R-1T, Flexible

Community Details

  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 019-0000003.00

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub-Type: Unimproved Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Lot Size Area: 6.5
  • Possible Use: Professional, Residential, Pasture, Industrial, Commercial, Agricultural

Exterior Features

  • List Price: 989000.0
  • Lot Features: Wooded, Gentle Sloping, Irregular Lot
  • Lot Features:Wooded: Yes

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available

Lot Info

  • Topography: Gentle Sloping, Wooded
  • Lot Dimensions: Irregular
  • Additional Parcels: No
  • Current Use: Vacant
  • Lot Size Acres: 6.5
  • Lot Size Sq Ft: 283140.0
  • Number of Lots: 1
  • Parcel Number: 019-0000003.00
  • Zoning Description: Flexible

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $419 $50,000 $50,000 $0
2024 $427 $50,000 $50,000 $0
2023 $426 $50,000 $50,000 $0
2022 $238 $27,500 $27,500 $0
2021 $244 $27,500 $27,500 $0
2020 $248 $27,500 $27,500 $0
2019 $251 $27,500 $27,500 $0
2018 $250 $27,500 $27,500 $0
2017 -- $27,500 $27,500 $0
2016 -- $27,500 $27,500 $0
2014 $232 $27,500 $0 $0
2013 $232 $27,500 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2025 09/13/25 For Sale $989,000 -- --
Source: ImagineMLS (Bluegrass REALTORS®)

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25501216

ImagineMLS (Bluegrass REALTORS®)

APN: 019-00-00-003.00