29502 S Meridian Rd - Specialty FOR SALE


Hubbard, OR 97032
$2,950,000 USD
503-370-2581
29502 S Meridian Rd, Hubbard, OR for Sale
$2,950,000 USD
Specialty - FOR SALE
1/5
null | Request Cap Rate

29502 S Meridian Rd
Hubbard, OR 97032


HIGHLIGHTS

  • Privately owned, public use airport
  • 3,200 ft paved runway
  • In the the heart of the Willamette Valley

OVERVIEW

Lenhardt Airpark is available for sale, featuring leased hangars and two acres of land available for development. This privately owned, public use general aviation airport features a 3,200 foot runway, over 75 total hangars and a small operations office. Common areas, club house and Friday gatherings create a strong sense of community for aviation enthusiasts. Of the total hangars, 56 have been leased in long term leases. The remaining hangars are owned by airport's ownership and are leased on a month-to-month basis. For a full financial analysis, contact team@hancockre.com.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$34 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Lenhardt Airpark

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Airplane Hangar

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

26.19 AC

LAND SF

1,140,836 SF

ZONING

EFU

APN/PARCEL ID

01021389,01021398,01021405,01021487

ASK ABOUT THIS PROPERTY

Terry HancockHancock Real EstateMore Info
503-370-2581

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Terry HancockHancock Real EstateMore Info
503-370-2581

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.