PREMIER AUCTIONS : Garvin's Development Land Opportunity
 

Auction Summary


Franklin, KY

Property Information


Online Media


Contact Details

Phone: 1-800-558-5464
Fax: 800-707-4204
Email: auctioninfo@jpking.com



 

Sold!  With 135 people in attendance on auction day, J. P. King sold six development tracts for $6.5 Million.

Press Relase

965+/-  Sprawling Acres of Desirable Development Land on I-65, with

322+/- acres Selling Absolute!

Garvin’s Development Land is a sprawling 965+/- acre development property located in Franklin, KY off I-65 on Exit 6. Situated six miles north of the Tennessee-Kentucky border, this desirable acreage lies on the east and west sides of the Interstate and will be offered in six parcels, with 2 parcels on the west side selling absolute. Ranging in size from 21+/- acres to 429+/- acres, the property is ideal for the agricultural, commercial, industrial or residential opportunities.

An established agricultural region, the property is perfect for utilizing as farm while commercial opportunities develop. Portions of the acreage are currently planted with soy beans and corn, the primary crop of the area. A combination of topography, weather conditions, and location make Garvin’s Development Land wonderfully suited for ongoing and future agricultural endeavors.

In addition to farming, Garvin's Development Land offers excellent potential for high-end commercial or industrial development. The extremely busy I-65 Interstate traffic and Highway 100, the intersection where Garvin’s is located, presents exceptional north-south daily traffic volume and visibility. The property’s location is also just 40 miles north of I-40, the major east-west carrier, further increasing traffic from the East Coast to the Midwest.   

Garvin’s Development Land has visibility and access from both sides of Interstate 65, making both the west and east side parcels ideal for commercial development.

Garvin’s is at the center of the population of Eastern United States and is within a two-day’s drive for most travelers, thus, its I-65 traffic counts and close proximity to I-40 make it a wonderful commercial location from a regional and national standpoint.

Located directly across Highway 100 from the property is a new 850,000 square foot distribution center adding to the industrial appeal of Garvin’s Development Land. The geographical location and Interstate access increases the development potential of the mixed-use property to include industrial.

Garvin's Development Land is zoned B-5 which is Interstate Interchange Business District and includes "highway oriented services" which is ideal for restaurants, retail, hotels, gas stations and more. Garvin's is at the center of the entire population of the Eastern United States and its I-65 traffic counts and close proximity to I-40 and I-24 make it a wonderful commercial location from a regional and national standpoint. Garvin's currently has three billboard leases on I-65 that will convey with Tract 2.

Centrally located between Bowling Green and Nashville, Franklin is a historic town full of character and was named one of the 50 Best Small Southern Towns. Franklin has served as a popular stop for overnight travelers as it’s home to a variety of restaurants, antique malls, museums, music festivals, car shows, and much more including PGA golfer Kenny Perry’s Country Creek Golf Course.

AUCTION REGISTRATION

Registration begins at 9:30 A.M. (CT). A registration deposit of $25,000 per tract is required to bid.

SALE SITE

The sale begins at 11:00 A.M (CT) and will take place at the Holiday Inn Sloan Convention Center, 1021 Wilkinson Trace, Bowling Green, KY 42103. 270.745.0088.

DIRECTIONS TO PROPERTY

–From Bowling Green: Travel I-65 South for approximately 16 miles. Take exit number 6 for KY-100.

–From Nashville: Travel I-65 North approximately 38 miles. Take exit number 6.

Property is located on both the East and West sides of I-65 at exit number 6, north of Hwy. 100.

PROPERTY PREVIEW

An auction representative will be available on October 11th and 12th as well as October 17th and 18th. Tours of the property will be by appointment only. You may contact a J.P. King Auction representative at 800.558.5464 during these designated dates to schedule your personal tour.

BUYER'S PREMIUM

A ten-percent (10%) Buyer's Premium will be added to the winning bid price to arrive at the total contract price paid by the Buyer.

AUCTION FINANCING

Franklin Bank and Trust- Commercial Lender/Kirk Pierce, 270-586-2598.

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