Ranch and Farm Auctions - Pittsfield, IL 62363

223 ACRES - WARREN COUNTY, KY Auction

Real Estate

Location: 2355 Nashville Road, Bowling Green, KY

5 p.m. Sunday, February 25th, 2024
Gasper River Frontage In Warren Co Ky - 223 Acres
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Auction Date: 03.25.2024 Auction Time: 5:00 PM CST

Auction Venue Location: Knicely Conference Center, 2355 Nashville Road, Bowling Green, KY 42101

Entire Farm Description:

Here’s a fabulous opportunity to own a farm on Gasper River just minutes outside of Bowling Green. The property has over 3500’ of frontage on Gasper River, 1600’ of frontage on Highland Church Road and over ¾ mile frontage on Wand Cemetery Rd. Wand Cemetery Road splits the parcel in half and dead ends at the property line offering excellent access with very limited through traffic. There’s 30+ acres of fallow pasture ground that recently came out of the CREP program that could easily be cleaned up for livestock, row crops or food plots. The topography is very diverse from flat open land, gently rolling timber ground to steeper river bluffs and hollers including rock outcroppings and caves with obvious Native American use. The old farmhouse is still in excellent shape considering it’s nearly 80 years old. It has a new roof, original hardwood floors throughout and features 3 bedrooms and 1 bath. It’s perfect for rental income, a hunting cabin, or remodel and update for your weekend getaway or Airbnb rental. There are numerous building sites with easy access to utilities and significant development potential considering the proximity to Bowling Green. With significant wooded acreage, future returns on the timber should not be overlooked. The timber stand is middle to older aged and features a diverse mix of hardwoods. There are so many reasons to invest in this property! Whether you’re just looking to diversify your portfolio, develop the next Warren County subdivision, build your dream home, hunt, fish, or wait on a timber harvest or a combination of all the above, don’t miss this opportunity!

Tract 1 Description: 52.1+/- Acres

Rarely does a property come along that has as many opportunities as this one. Located less than 15 miles from downtown Bowling Green, this property has real development potential. It’s flat to gently rolling and has over 4000’ of road frontage. If homesteading is of interest, there are multiple fields totaling approx. 18 acres for crops and/or livestock, as well as several small livestock/wildlife ponds. The old farmhouse built in the ’40s is still in excellent shape. The roof was recently replaced, and the original hardwood floors are intact and gorgeous. The 3-bedroom 1 bath home is livable as is or would make an excellent restoration project. It could be rented or used as a hunting cabin or dolled up and used as an Airbnb or guest home, options are endless! Multiple beautiful building sites are available for your dream home as well.

Tract 2 Description: 54.6+/- Acres

This property is a great option for your homestead or hunting getaway. There are approximately 10 acres of open land with room for your dream home, livestock, small scale crops, food plots, etc. It’s also a great timber investment. While it’s not ready today, the time will come in the near future when a significant timber harvest will payoff for the owner. One of the coolest features of this property is the large rock shelter once used by Native Americans. While exploring the area under the rock overhang, I stumbled onto a “hominy hole” (see photo), used by natives to grind nuts and grain into flour, etc. I’m certain with a little effort, smaller artifacts could be found as well. There’s also a spring coming from the rock overhang that appears to run year-round based on evidence of it being developed for human use.

Tract 3 Description: 116.3+/- Acres

The most desirable land feature among buyers is by far “live water”, aka creeks, rivers, springs, etc. Here it is! A phenomenal property along the banks of beautiful Gasper River! 3500’ of frontage to be precise. The property features flat areas with views for building your dream home as well as clearings for food plots. Rivers are excellent travel corridors for whitetail deer and this one is no exception. Lots of deer sign on the property as well as natural pinch points to capitalize on the movement. There’s a great stand of timber that will payoff big with future harvest. River tracts rarely come to market, don’t miss this rare opportunity!

 

 

Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com

Onsite bidders should bring a government-issued ID

10% down payment immediately after auction - cash, personal, or business checks accepted

If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign

High bidder has 30 days to close unless otherwise noted

Announcements on auction day will take precedence over any prior announcements

This is a no contingency sale and is not subject to financing or additional inspections

Possession at closing, subject to tenant’s rights, if any

If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres

All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

Significant development potential

3-bedroom 1 bath farm home in good condition

3500’ of frontage on gasper river

Long county road frontage

30+ acres of fallow fields

Multiple building sites

Huge rock shelter with obvious use by Native Americans

Some marketable timber but excellent future timber value

Diverse topography from flat to rolling to steep river bluffs

10% Buyers Premium

 

Please visit the auctioneers website for more photos and full Terms and Conditions. 

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Questions about this auction? Phone 217.922.0811 or email our office at info@ranchandfarmauctions.com.

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