Savvy Investors Focusing Attention on Historic Wood Mountain, WV

GLEN JEAN, W.Va. - July 14, 2014 - PRLog -- Fayette County, West Virginia

A convergence of real estate, business, and tourism developments in the misty mountains of Southern W.Va. is drawing the attention of savvy real estate investors worldwide. On Sept. 13, 2014 the auction of approximately 1,800 acres of prime property will take place at the entrance to Historic Wood Mountain, located adjacent to the Boy Scout Summit Reserve in Glen Jean, WV.

The Commercial and Recreational Real Estate Auction will be presented by Greenway's Real Estate and Auction Company and begins at 11:00. Auctioneers Tommy and Matt Garten will showcase 1,750 acres offered by Price Properties, as well as 48 acres of land owned by the Round Eight Corp.  The auction will be held on the frontage property located directly across from the Glen Jean exit off of Interstate 19.

The enormous development potential of this unique property offered by the two family-owned companies is creating quite a buzz amongst real estate investors.  With power and water already in place and easy access on a paved state road, the property is ideal for commercial or recreational development.

Long range mountain views from the property overlook the Summit Reserve, built at an estimated cost of $439 million by 2015 (according to Reuters.com).  In 2009, the Boy Scouts of America purchased 10,600 acres of property adjacent to West Virginia’s New River Gorge National River area in order to create the Summit National Scout Reserve. The Summit will also be hosting the 2017 and 2019 World Jamboree.  http://summitbsa.org/

Prime parcels of the property being auctioned in September also adjoin the boundaries of the Glen Jean National Guard Armory, built in 2004 at an estimated cost of $17 Million . http://www.zmm.com/glen-jean-afrc

The Southern West Virginia region has garnered national attention with outdoor enthusiasts for decades.  The Wood Mountain and Price Property auction properties are in close proximity to the New River Gorge National River as well as the historic towns of Thurmond and Fayetteville W.Va.

The New River Gorge is well known for world class white water, mountain biking and rock climbing.  Bridge Day, one of the largest extreme sports event in the world, is held annually at the New River Gorge Bridge.

Investors interested in attending the auction are encouraged to visit the following website for more details.  http://www.greenwaysrealestateandauction.com/