# 200 Old Phelps Lane, Morehead, KY 40351 > **TL;DR:** land, $889,000. Est. $4,754/mo. Listed 397 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $889,000 | | Lot Size | 283,140 sqft (6.50 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 397 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,495 | | Estimated Insurance | $259 | | **Total** | **$4,754** | ## Property Highlights - 6.50 acre lot ## Description ### Agent Description 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. ## Location - **Address:** 200 Old Phelps Lane, Morehead, KY 40351 - **County:** Rowan - **Neighborhood:** Rural - **Coordinates:** 38.185291, -83.553694 - **Google Maps:** https://www.google.com/maps?q=38.185291,-83.553694 ## Listing Agent - **Name:** Tamara Hurst - **Brokerage:** SimpliHOM - **Phone:** 5022293378 - **Broker Phone:** (859) 509-8401 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/200-Old-Phelps-Rd_Morehead_KY_40351_M34637-00126?f=listhub&s=LBARKY&m=25501216&c=propsimple) ## Photos ![200 Old Phelps Lane - Photo 1](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f1433199684r.jpg) ![200 Old Phelps Lane - Photo 2](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f738819602r.jpg) ![200 Old Phelps Lane - Photo 3](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f577260046r.jpg) ![200 Old Phelps Lane - Photo 4](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f3689142989r.jpg) ![200 Old Phelps Lane - Photo 5](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f3765534623r.jpg) ![200 Old Phelps Lane - Photo 6](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f1158361404r.jpg) ![200 Old Phelps Lane - Photo 7](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f4081381565r.jpg) ![200 Old Phelps Lane - Photo 8](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f737629941r.jpg) ![200 Old Phelps Lane - Photo 9](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f443794739r.jpg) ![200 Old Phelps Lane - Photo 10](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f3332798368r.jpg) ![200 Old Phelps Lane - Photo 11](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f1167973351r.jpg) ![200 Old Phelps Lane - Photo 12](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f2016812720r.jpg) ![200 Old Phelps Lane - Photo 13](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f3685600337r.jpg) ![200 Old Phelps Lane - Photo 14](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f1910692901r.jpg) ![200 Old Phelps Lane - Photo 15](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f4101231502r.jpg) ![200 Old Phelps Lane - Photo 16](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f2692458427r.jpg) ![200 Old Phelps Lane - Photo 17](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f1705523105r.jpg) ![200 Old Phelps Lane - Photo 18](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f3219834661r.jpg) ![200 Old Phelps Lane - Photo 19](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f1277743735r.jpg) ![200 Old Phelps Lane - Photo 20](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f574717335r.jpg) ![200 Old Phelps Lane - Photo 21](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f2770147082r.jpg) ![200 Old Phelps Lane - Photo 22](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f3948933960r.jpg) ![200 Old Phelps Lane - Photo 23](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f1034671210r.jpg) ![200 Old Phelps Lane - Photo 24](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f4229123013r.jpg) ![200 Old Phelps Lane - Photo 25](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f2809068886r.jpg) ![200 Old Phelps Lane - Photo 26](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f3386445234r.jpg) ![200 Old Phelps Lane - Photo 27](http://lh.rdcpix.com/4bc8a9bf0d68741874693a9cb439d868l-f3017559046r.jpg) --- **MLS#:** 25501216 | **Updated:** 2026-10-02 **Source:** listhub *Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/200-old-phelps-lane-morehead-ky-40351-25501216) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/200-old-phelps-lane-morehead-ky-40351-25501216#listing", "url": "https://www.propertysimple.ai/listing/200-old-phelps-lane-morehead-ky-40351-25501216", "name": "200 Old Phelps Lane, Morehead, KY 40351", "description": "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. 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