Peoples Stockyard Sells for $2.7 Million

The Peoples Stockyard in Cookeville sold for over $2.7 million at auction Saturday.

Waymon Hale of Waymon Hale Construction in McMinnville was the winning bidder, purchasing both lots up for sale.

Hale said he is unsure as to what they might do with the property, but added “I hope I double my money”.

The property was split into two units for sale, with Hale buying the larger plot at $2.55 million, and the second for $155,000.

The stockyard first opened in 1947, with the current structure being built in 1963.

The property is located along South Jefferson Avenue near the East Veterans Drive intersection.