200 Old Phelps Ln Morehead, KY 40351
Estimated payment $4,846/month
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. *Some Photos are AI renders to inspire vision.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/17/2026 04/17/26 | Price Changed | $889,000 | -5.3% | -- |
| 03/15/2026 03/15/26 | For Sale | $939,000 | 0.0% | -- |
| 03/11/2026 03/11/26 | Off Market | $939,000 | -- | -- |
| 03/02/2026 03/02/26 | Price Changed | $939,000 | -5.1% | -- |
| 09/13/2025 09/13/25 | For Sale | $989,000 | -- | -- |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25501216
APN: 019-00-00-003.00
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Ask me questions while you tour the home.