OWNER FINANCING PREFERRED! 84.07 +/- Acre Active Airport with Excellent Income

Excellent commercial aviation property with a great income that conveys to a new owner. It is located just a couple minutes North of I-40 for easy access and just minutes from the metro area as well. This property is a very active airport with a 3,800′ +/- turf runway with full-length taxi way as well. At full purchase price you have an approximately 5% net return on your investment. There are two 52’x225′ T hangers with 20 total units. Each unit is occupied with that income conveying in the sale. There are two apartments, one at the end of each hangar. The SW corner of the southern hangar has a nice heated/cooled office space. The only requirements of a new owner is to keep the runway mowed (tractor and mower can be purchased. There are 5-6 lots that can be sold as residential lots and further reduce your cost basis into the property. There is a great duck hole on the East side of the property which could also be sold if you’re not a hunter. Contact Kevin Keen for more details at 870-215-1185.

  • Address: 235 N. Kitty Hawk 
  • Price: 875000.0000 
  • Status:
  • Office ID: 101 
  • MOP County: Lonoke 
  • MOPLS ID: 32503 
  • Acreage: 84.0700 
  • Property State: AR 
  • End Date: 2018-04-03T00:00:00-05:00