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Lot/land
  • Price cut: $50K (3/2)
    $939,000

    200 Old Phelps Rd, Morehead, KY 40351

    --beds
    0baths
    6.5Acres
    Unimproved Land
    Built in ----
    6.5 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Ready for excavation
    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.
    174 days
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    71
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    Zillow last checked: 8 hours ago

    Listing updated: March 02, 2026 at 06:55am

    Listed by:

    Tamara Hurst 502-229-3378,

    SimpliHOM

    Source: Imagine MLS,MLS#: 25501216MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0

    Property

    Lot
    • Size: 6.5 Acres
    • Features: Irregular Lot, Wooded, Gentle Sloping
    • Topography: Gentle Sloping, Wooded
    Details
    • Parcel number: 0190000003.00
    • Zoning: R-1T
    • Zoning description: Flexible

    Utilities & green energy

    • Utilities for property: Electricity Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Subdivision: Rural
    Location
    • Region: Morehead

    Financial & listing details

    • Tax assessed value: $50,000
    • Annual tax amount: $426
    • Date on market: 9/13/2025

    Estimated market value

    Not available

    Estimated sales range

    Not available

    $836/mo

    Price history

    Price history
    DateEventPrice
    3/2/2026Price change$939,000-5.1%
    Source: Imagine MLS #25501216 Report a problem
    9/13/2025Listed for sale$989,000
    Source: Imagine MLS #25501216 Report a problem
    9/12/2025Listing removed$989,000
    Source: Imagine MLS #25007100 Report a problem
    4/27/2025Price change$989,000-1%
    Source: Imagine MLS #25007100 Report a problem
    4/10/2025Listed for sale$999,000+185.4%
    Source: Imagine MLS #25007100 Report a problem
    4/19/2021Listing removed--
    Source: Imagine MLS #20101152 Report a problem
    1/21/2021Listed for sale$350,000+0%
    Source: Imagine MLS #20101152 Report a problem
    2/10/2020Listing removed$349,900
    Source: RE/MAX All Star #1918567 Report a problem
    8/12/2019Listed for sale$349,900
    Source: RE/MAX All Star #1918567 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2023$426 +79.3%$50,000 +81.8%
    2022$238 -2.5%$27,500
    2021$244 -1.8%$27,500
    2020$248 -1.1%$27,500
    2019$251 +0.4%$27,500
    2018$250 +7.5%$27,500
    2017$232 $27,500
    2016$232 $27,500
    2014$232 $27,500

    Find assessor info on the county website

    BuyAbility℠ payment

    Estimated monthly payment
    All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
    HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
    Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
    See how much you could borrow to make a competitive offer.

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    Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

    Climate risks

    Neighborhood: 40351

    Getting around

    2 / 100
    Car-Dependent
    15 / 100
    Somewhat Bikeable

    Nearby schools

    GreatSchools rating

    Local experts in 40351

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