20A Gilead Church Rd, Glendale, KY 42740

MAJOR INVESTMENT OPPORTUNITY! For $400,000 you will get 8.23 acres of cleared, fairly flat and usable land in addition to 5 brick buildings with over 40,000 sq feet total along with a ton of history. This is the old Glendale Children's Home and is less than a half of a mile from where the projected new Ford Plant will be built providing over 5000 jobs and less than 7 minutes from I-65. The possibilities are endless here. With this property having its own designated road around the grounds, this can be kept as its current residential zoning and made into large homes or it could be rezoned as commercial. All 5 building are constructed of Brick with floors, walls, and ceilings all being concrete. These structures were built to last and they have done just that. The brick on all of the buildings appears to be in great condition. On the exterior, all of the buildings will need new roofs, wood rot repair, and new windows and doors. Inside of the buildings will require total rehabs cosmetically and mechanically but all buildings appear to be in sound structural condition. PVA says the buildings were built in 1950. Research on the property says 1915. The main house is a massive 2-story with 12,600 SF above ground and 8400 SF full basement. The other 3 homes are ranch style with each having 4472 SF and a crawl space tall enough to walk in. The 5th building was the gymnasium and in the best condition of them all. It has 5200 SF above ground with a small basement. According to research, the main house did have a small fire in 2019, but was contained to a small portion of the front and didn't appear to compromise the structure with it being all concrete. The history, the craftsmanship, and the details on this property is a rare find. All inspections and tests are welcomed and encouraged at buyers expense, however sellers will make no repairs. Property is being sold AS-IS. NO buyers allowed on the property without a licensed real estate agent. Buyers and agents to verify all sq footage.