Legacy Kentucky Horse Farm with 2,300 Subdividable Acres Headed to Auction

An iconic, 2,300-acre horse farm in Lexington, submarket of Paris, KY is headed for auction. Buyers of Adena Springs Farm property will be able to choose a single sale opportunity or choose from any combination of one or more subdivision parcels together with various barns, pastures, amenities and improvements.

The official call for offers and expressions of interest campaign dates will commence March 28; with final sale process and campaign details will be made available on that date on the Icon Global website. The sealed bidding and offer process guidelines to be released will include a buyer’s ability to submit offers via stalking horse bids, sealed bids or conventional private contract formats. 

The was publicly priced at $55 million in June of 2022. “Replacement cost today to replicate this farm and its amenities in my opinion would far exceed $100 million,” said Bernard Uechtritz of real estate advisory firm Icon Global.

Photo courtesy Icon Global

The post Legacy Kentucky Horse Farm with 2,300 Subdividable Acres Headed to Auction appeared first on Connect CRE.