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Sunday, July 5, 2015

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Income Producing Private Airport For Sale

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)


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