GLENDALE, Kentucky -- Approximately 290 acres of high-quality farmland along Gilead Church and New Glendale Roads will sell at absolute auction June 3, with Tranzon Asset Advisors marketing the land and conducting the event.
The land is owned by Sunrise Children’s Services and hasn’t been on the market in more than 100 years. Most is currently being farmed, but its location directly next to the Glendale Megasite “puts it in the path of progress,” according to Tranzon’s Ed Durnil.
“This land features extensive county road frontage as well as nearly a mile of track on the CSX Rail, which could serve the purpose of getting products to market in the future. The Randle Report calls the Glendale Megasite ‘the most qualified megasite in the Southern Auto (manufacturing) Corridor,’” said Durnil. “This means the owner of this land could likely enjoy significant upside investment potential,” he said.
The land is being offered in 20 parcels, ranging from approximately 2.4 acres for a beautiful building site to more than 56 acres of great farmland, with several creeks and the Nolin River running through some parcels.
Fourteen tracts fronting on Gilead Church Road and New Glendale Road have municipal water and are suitable for residential use. Another six lots along Monin Lane and Gilead Church Road are 5 acres to over 34 acres each, he said.
The auction will begin at 10 a.m. Saturday, June 3, at the property. Individuals seeking additional information may visit www.tranzon.com
or call 866.243.8243.
Tranzon Asset Advisors, based in Elizabethtown, Kentucky, is a partner company of the Tranzon network, selling valuable real estate assets throughout the United States and overseas with more than 27 offices.