4445 51St Ave Lanett, AL 36863
This exceptional opportunity presents a prime development site at the recently renovated Lanett Airport (reopened 2022) in Lanett, Alabama. Located at 4445 51st Ave SW, 36863, this special purpose property offers flexible build-to-suit hangar space ranging from 5,000 to 12,000 square feet. The airport boasts a state-of-the-art 5,400-foot by 75-foot jet-capable runway, ensuring convenient access for a wide range of aircraft. A new Fixed Base Operator (FBO) is also on-site, providing essential services for pilots and aircraft owners. This development site is ideal for individuals or businesses seeking to construct a custom hangar tailored to their specific needs. The property is available via a thirty (30) year ground lease, offering long-term stability and investment potential. The site's location within the Lanett Airport provides unparalleled convenience and access to a modern, well-maintained aviation facility. With ample land available for development, this is a rare opportunity to establish a presence at a rapidly growing airport. The site's coordinates are 32.8128003 latitude and -85.2323137 longitude. Don't miss this chance to secure your place at Lanett Airport.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.