SOURCE: J. P. King Auction Company

J. P. King Auction Company

May 21, 2013 14:33 ET

Kentucky Lake Motor Speedway and Commercial Interstate Property to Sell at Absolute Auction

Marshall County's Kentucky Lake Motor Speedway Will Sell at an Absolute Auction on June 27 Through J. P. King Auction Company; The Auction Will Include an Additional 317-Acre Commercial Tract With Frontage on I-24

CALVERT CITY, KY--(Marketwired - May 21, 2013) - The Kentucky Lake Motor Speedway, a Marshall County, Ky., landmark, will sell at an absolute auction on June 27. The property, which sits on 151 acres, will be offered in conjunction with an adjacent 317-acre tract of commercial land on I-24, each selling with no minimums and no reserves.

The Kentucky Lake Motor Speedway is located at the junction of I-24, Highway 62 and Purchase Parkway, with visibility from all three roadways. Having hosted annual events that included the Commonwealth Cup, Bluegrass Nationals, March Madness and Monster Jam, the Kentucky Lake Motor Speedway features a 30-degree banking in the turns and a 15-degree banking in the straightaway throughout its 3/8-mile clay track.

The Speedway's amenities include 14 VIP rental boxes, a kitchen and concession stand for the main grandstand, a souvenir shop, ticket sales booth, restrooms and storage. When the track's current owner, Sherri Heckenast purchased the property in 2004, she added an electronic scoreboard, visible from I-24. The property will sell with all existing equipment and furnishings.

The 317-acre commercial tract is currently zoned for commercial usage, suited for the area's increasing development, though it is also available for recreational use. Both properties are located near the popular Kentucky Dam Village State Park, Lake Barkley State Park and Land Between the Lakes.

The auction will take place on Thursday, June 27 at 11 a.m. at the Speedway, located at 957 Truck Plaza Lane in Calvert City. For additional information, individuals may contact J. P. King at 800.558.5464 or visit the company's website at www.jpking.com.

About J. P. King: J. P. King Auction Company specializes in high-value properties such as luxury homes, condominiums, land and ranches. The company has marketed properties in all 50 states and six countries with recent sales in Colorado, Wyoming, Georgia, Florida and Washington.

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