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200 Old Phelps Lane, Morehead, KY 40351

$939,000
  • 200 Old Phelps Lane, Morehead, KY 40351 Main Photo

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Active
LOT SIZE 6.500 acres MLS#25501216
STATUS PROPERTY TYPELand - Lot/Land SUBDIVISIONRural

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.

200 Old Phelps Lane | MLS# 25501216

This land located at 200 Old Phelps Lane, Morehead, KY 40351 is currently listed for sale with an asking price of $939,000. The property has approximately 6.50 Acres. Search Morehead real estate on www.salliedavidson.com today.

Property Features

Property Type: Land - Lot/Land
Lot Size: 6.50 Acres

Feature Descriptions

Days on Site: 203
Lot Dimensions: 6.500 acre(s)
Lot Features: Irregular Lot, Wooded, Gentle Sloping
Parcel #: 019-0000003.00
Possible Use: Agricultural, Commercial, Industrial, Pasture, Residential, Professional
Topography: Gentle Sloping, Wooded
Topography: Gentle Sloping, Wooded
Utilities: Electricity Available, Sewer Available, Water Available
Wooded: Yes

Listed By / Shown By

Listed By

Agency Name: SimpliHOM

Shown By

Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000

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Estimated Payment

$ 3,647.10 per month $3,373.22 Principal & Interest $0.00 Property Tax (data not provided by mls) $273.88 Homeowner's Insurance

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