707 William Northern Blvd Tullahoma, TN 37388
This exceptional offering presents a rare chance to own a fully restored WWII-era hangar and 2 acres of land at the Tullahoma (THA) Municipal Airport in Middle Tennessee. Strategically located within 50 miles of Nashville, Chattanooga, and Huntsville, this property boasts unparalleled access and visibility. The 22,448 square foot hangar features impressive dimensions – 183 feet by 122 feet – with two 90-foot-wide openings and 21-foot-tall doors. Inside, you'll find well-maintained back offices, a machine shop, a bathroom with a shower, and ample parking. The property benefits from a robust infrastructure including gas heat, 800A/460v electrical service, and a separate 400A service. The hangar also includes 90 feet of owned ramp space, providing convenient access to the airport's four runways, including a 5500-foot lighted hard surface runway and instrument approaches. Its prime location directly adjacent to the main terminal and the Beechcraft Heritage Museum ensures high visibility and accessibility. Recent upgrades include a new roof and valley drains, new insulation, updated metal siding including hangar doors, and a modernized fire suppression system. The land is privately owned, eliminating the uncertainties of ground leases, with deeded through-the-fence rights to the THA airport. Adjacent lots are also available for purchase, potentially expanding the total acreage to 2.94 acres. Seller financing options are available, making this an attractive investment opportunity for aviation businesses seeking a prominent location in Middle Tennessee.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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