$889,000
Morehead, KY 40351
MLS# 25501216
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Property 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.
Details
Listing Information
Comp Sale YN: No
Property Sub Type: Unimproved Land
Address
County: Rowan
Street Number: 200
Street Name: Old Phelps
Street Suffix: Lane
State: KY
Zip Code: 40351
Directions: Off of I64, Take Exit 133. Turn left off the exit ramp and take the first right onto Old Phelps Road. Property is on the left (partially cleared and partially wooded
Parcel Number: 019-0000003.00
Contract
Current Price: $889,000
Original List Price: 989000
Status: Active
Start Showing Date: 2025-10-09
Listing Contract Date: 2025-09-12
List Price: $889,000
Listing Agreement: Exclusive Right To Sell
Office Exclusive YN: No
List Price/Acre: 136769.23
List Price/SqFt: 3.14
Lot
Number Of Lots: 1
Lot Size Acres: 6.5
Lot Size Square Feet: 283140
Lot Size Dimensions: Irregular
Road Frontage Feet: 400
Conservation Easement YN: No
Elevation Units: Feet
Remarks
Public Remarks: 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
Deed Restrictions YN: No
Easements YN: No
Status Change Information
Price Change Timestamp: 2026-04-17T16:53:32Z
Status Change Timestamp: 2026-03-15
Tax Legal
MLS Area Major: 061 - Rowan County
Subdivision Name: Rural
Property Features
Utilities: Electricity Available; Sewer Available; Water Available; Electricity Available; Sewer Available; Water Available
Current Use: Vacant
Lot Features: Gentle Sloping; Irregular Lot; Wooded
Possible Use: Agricultural; Commercial; Industrial; Pasture; Professional; Residential
Showing Requirements: Call Listing Agent; Show Anytime
Listing Office: SimpliHOM
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.