Mixed-Use Land for Sale in Morehead, Kentucky

200 Old Phelps Rd Morehead, KY 40351

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$999,000
6.5 acres
Active
agoEst $7,826/mo

This 6.5-acre commercial property, conveniently located off I-64 at exit 133, is competitively priced and partially cleared, ready for excavation (Priced accordingly). With over 400 feet of road frontage, it offers excellent visibility.

Located in one of Kentucky's fastest-growing areas, this site connects the interstate to Cave Run Lake and the Daniel Boone National Forest. Nearby facilities include the AppHarvest Greenhouse, Rowan County Airport, the National Guard Readiness Center, and Maysville Community College.

Recent developments like Eastern Light Distilling, a $140 million investment, highlight the area's growth. Additionally, a new Liberty Mart and Hog's Trough Barbecue Restaurant are breaking ground nearby.

With flexible zoning, this property is ideal for various commercial ventures, including healthcare facilities, office complexes, multifamily housing, or whatever you may envision.

Don't miss this exceptional opportunity--contact us today for more information!

Directions

Off of I64 E, Take Exit 133, Take a left off the exit ramp and take the first right onto Old Phelps Road. Property is on the left (partially cleared and partially wooded).

Location

Street Address
200 Old Phelps Rd
Elevation
922 feet
Coordinates
38.1855, -83.5536

Property details

Zoning
Flexible
MLS Number
LBAR 25004516
Date Posted

Parcels

  • 019-0000003.00

This 6.51-acre property is located at 200 Old Phelps Rd in Morehead, KY 40351. The property is currently available for sale for $999,000 with a price per acre of $153,456. Listing data is sourced from Imagine MLS # 25004516.

Verify sale details at the property source or contact SimpliHOM at (859) 509-8401.

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Copyright (C) 2025 Lexington-Bluegrass Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Checked 1 hour ago. Updated . Parcel data by Regrid.

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