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Saturday, May 25, 2013
Business For Sale Listing 137774
Income Producing Private Airport For Sale
Status: Off The Market
Business Summary
Located in suburb of Grand Rapids, MI.
3,900' x 60' runway originally constructed in 1990.
Includes 10 small hangars and 1 large hangar. Total hangar SF: 49,070
10,000 gallon triple wall fuel storage tank.
Total annual revenue from hangar rentals, fuel sales profit, office rents, plane and simulator rentals : $225,420
Includes 1983 Piper Archer with newer motor, and Frasca flight simulator.
Rare zoning allows for construction and sale of hangars. All hangars currently occupied. Large potential future income from additional hangar development. Beautiful neighboring homes have attached hangar and taxiway access to runway.
Price: $3,495,000 (Recently reduced from $3,995,000)
Categories
Industry
| Sector: | Real Estate |
|---|---|
| Industry: | Commercial Properties |
Location
| Classification: | United States // Midwest States // Michigan // Grand Rapids |
|---|
Financials
| Sales: | Not Disclosed |
|---|---|
| Profits: | Between $100 Thousand and $500 Thousand (225,420.00) |
| Profit Type: | Net Income |
| Fiscal Year: | 2007 |
| Asking Price: | Between $2.5 Million and $5 Million ($3,495,000) |