Aviation Property with Paved
For Sale
$6,900,000
1051 Peterson Avenue, Decatur, AR 72722
CommercialSale, Decatur, AR
Property Size28,042 SF
Lot Size231.00 Acres
Price / SF$246.06
Days on Market571
Property Features for 1051 Peterson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage, Parking Lot
Security features
Security
Interior features
Intercom
Appliances
GasWaterHeater
Lot features
City Lot, Rural Lot, Wooded, Waterfront
Directions
Hwy 102 west to Decatur - turn right on Hwy 59 - turn right on Crystal Lake Rd.
Standard status
Active
APN
08-00082-516
Size
28,042 SF
Lot size
231.00 Acres
Taxes and HOA fees
Tax Description
TRACTS 1 AND 2:
Tax Annual Amount
23446
Legal Description
TRACTS 1 AND 2:
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Central
Cooling system
Electric, Central Air
Water source
Public
Water front
1
Building Details
Floors in Building
3
Number of units
3
Flooring type
Marble, Wood, Concrete, Carpet
Building materials
Cedar, MetalSiding, Rock
Roof type
Shingle
Listing Agency:
Better Homes and Gardens Real Estate Journey Bento
(479) 319-3737
Listed By:
Brande Weidler · License #EB00083125
(479) 685-6962
Added: Jan 28, 2025
Changed: Aug 19
Last Checked: Aug 22 at 1:06AM
MLS# 1297091
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This aviation-focused property combines a private paved runway with substantial aircraft storage and supporting improvements. The site includes a 3/4-mile runway, five fuel tanks, and 18,000 square feet of hangar storage. Three existing homes, an intercom system, garage and parking-lot areas, public water, and septic service are also present. The recorded property size is 28,042 square feet, with construction elements including cedar, metal siding, and rock.
Located at 1051 Peterson Avenue in Decatur, Arkansas, the property has direct access to two major highways and includes lakefront views. Its aviation infrastructure, residential improvements, and waterfront setting create a combination of commercial and lifestyle-oriented components within one property.
Located at 1051 Peterson Avenue in Decatur, Arkansas, the property has direct access to two major highways and includes lakefront views. Its aviation infrastructure, residential improvements, and waterfront setting create a combination of commercial and lifestyle-oriented components within one property.
Key Highlights
- 3/4‑mile‑long paved private runway
- 18,000 sq ft of hangar storage
- Five fuel tanks on the property
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 72722, AR
3,087
Population
1,208
Households
2.6
Avg Household Size
36
Median Age
19%
College-Educated
81%
High-School Grad
39.4 sq mi
ZIP Area
78
Density / Sq Mi
$52,333
Median Household Income
$41,343
Median Earnings
$788
Median Rent
$178,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Aviation real estate - Aviation-oriented commercial land with hangar storage, fuel infrastructure, lake frontage, and three existing homes.
Where is this aviation real estate located?
The property is located at 1051 Peterson Avenue Decatur, AR.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: 3/4‑mile‑long paved private runway; 18,000 sq ft of hangar storage; Five fuel tanks on the property
