For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

29502 Meridian Rd Hubbard, OR 97032

For Sale
$3,275,000

Established Oregon Airport, strong lease income.

Property size:
85,695 SF

Description

Added:
Dec 11, 2024
Days on Market:
368
This exceptional investment opportunity presents Lenhardt Airpark, a thriving general aviation airport situated on 26.19 acres in Hubbard, Oregon (97032), at 29502 S Meridian Rd. Priced at $3,275,000, this special purpose property boasts a 3,200-foot runway and a total of over 75 hangars, 85,695 square feet in total. The airport is zoned EFU. Seventy hangars are currently under long-term leases, generating consistent rental income. Additional hangars are available on a month-to-month basis, offering further revenue potential. The property also includes a clubhouse, common areas fostering a strong community among aviation enthusiasts, and two acres of developable land. The sale price equates to $38.22 per square foot. This well-established airport presents a unique opportunity for an investor seeking a stable, income-producing asset within the aviation sector. The existing infrastructure and strong tenant base provide a solid foundation for continued growth and profitability. The airport's location in Clackamas County, Oregon, offers convenient access to the surrounding area.

Property Features for 29502 Meridian Rd

General Information

Property type
Airport retail
Square Feet
85,695 SF
Lot Size
1,140,836 SF

HighLights

  • 26.19‑acre general aviation airport in Hubbard, OR.
  • 3,200‑foot runway.
  • $3,275,000 sale price.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Lenhardt Airpark Airport P3 Sports LLC Mechanic

Suggested Use

Auto Repair Shop Kitchen & Bath Food Market Grocery Store Electrical Service Garden Center Computer & Electronic Repair

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Hubbard
County
Clackamas
State
Oregon
Longitude
-122.74732316596
Latitude
45.180002566457

FAQs

What type of property is this?
Airport retail - Established Oregon Airport, strong lease income.
Where is this airport retail located?
The property is located at 29502 Meridian Rd Hubbard, OR.
What is the asking price?
The asking price for this property is $3,275,000.
What are key features of this property?
This property features: 26.19-acre general aviation airport in Hubbard, OR.; 3,200-foot runway.; $3,275,000 sale price.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message