PREMIER AUCTIONS : News
 

J. P. King Sells Garvins 965 Acres For $6.5 Million

At a real estate auction, Franklin-Simpson Industrial bought 451 acres to spur development in Franklin

 

BOWLING GREEN, KY. — Six miles north of the Tennessee-Kentucky border on I-65, 965 acres of development land found new owners at a real estate auction today by J. P. King Auction Company. The land was divided into six tracts, with 322 acres selling absolute. Franklin-Simpson Industrial Authority purchased two of the tracts, totaling 451 acres.

 

The auction brought 16 registered bidders to the Holiday Inn Sloan Convention Center in Bowling Green, Ky., where bidders competed for the property for nearly four hours with a crowd of 135 individuals looking on. Franklin-Simpson Industrial bought Tracts 3 and 4 for $3 million.

 

“One of the best parts about selling real estate is watching buyers acquire property that spurs economic development,” said Craig King, president and CEO of J. P. King Auction Company, also the auctioneer at today’s sale. “I know it’s what Mr. Garvin hoped for, and I’m glad we were able to play a small part in that development.”

 

David Garvin pieced the property together six years ago, and after choosing not to develop it himself, hoped to sell it to someone who would be able to use the property for economical improvement in the Franklin area. The land receives a daily traffic count of 42,000 and offers two and a half miles of interstate frontage. It is zoned B-5 Interstate Interchange Business District.


Recent Headlines

J.P. King Auction Company Continues Florida Success with Steinhatchee Resort Auction
Scott King awarded ATS designation from National Auctioneers Association
All Sold! J.P. King Auction Company Sells TVA Kingston Waterfront Properties
J.P. King Auction Company Sells Heath Shuler’s Mountain Estate for $1.54 Million
Magdalena Palace model Devault Manor to Auction J.P. King Auction Company to Auction Unique Johnson City, TN Estate
Health Shuler’s Mountain Estate to Auction
TVA Retains J.P. King Auction Company to Sell Kingston Waterfront Properties
J. P. King sells another luxury waterfront home and continues its total sellout in the Carolinas in recent months.
J.P. King Auction Company Auctions Scenic Calabria Ranch Estate Homes for $3.11 Million
J.P. King Auction Company Takes Calabria Ranch Estate Homes to Auction
J.P. King Auction Company Announces Historic Tapoco Lodge and Two Waterfront North Carolina Properties Auction for more than $4 Million
J.P. King Auction Company to Auction Historic Tapoco Lodge in North Carolina
Mountain Masterpiece Estate Auctions for $1.072 Million
J. P. King Auction Company Sells Peters Township Home for $3.44 Million
Prime Location 390 Acre Development Land with Montgomery Motorsports Park to Sell at Absolute Auction

    Sitemap

 
Copyright © 2016 J. P. King Auction Company, Inc
Auction Information Center 800.558.5464 • Corporate Office 800.662.5464 • Fax 256.543.8036
Privacy Policy