In February 2016, the old depot was recognized by the National Register of Historic Places as a result of its status as the oldest commercial building in not only Morehead, but Rowan County, Kentucky, as well as its connection to the history of the railroad industry in Kentucky. Later that same year, local historians and county officials transformed the depot into the Morehead Railroad and Historical Museum. The museum chronicles both railroad history and the general history of Morehead, Rowan County, and Eastern Kentucky. Today, the museum houses artifacts from the six historic railroads which were established in the area in the late nineteenth and early twentieth centuries in addition to artifacts ranging from those relating to the infamous Rowan County Feud to the agricultural history of the region.
These artifacts have been carefully curated by museum officials and arranged in a plethora of displays, many of which bring the museum a great deal of tourism. These displays include a small recreated blacksmith shop, an antique tractor, and an old moonshine still. In addition to this, the museum also possesses a number of Native American artifacts and scale models of steamboats and various trains. The museum also features a theater room where informational videos are shown and offers an annual bus tour which allows participants the opportunity to trace the routes of the six railroads which ran through the area.
The Rowan County Railroad and Historical Museum is opened every Thursday through Friday from 11 a.m. to 5 p.m. and welcomes visitors of all ages.