1160 Navajo St Farmington, NM 87401
This exceptional 2,501 square foot executive airplane hangar is available for purchase at the Four Corners Regional Airport in Farmington, New Mexico. Boasting a generous 42-foot wide overhead door and a convenient walk-in service door, this nearly new hangar offers ample space for aircraft storage and maintenance. The hangar's depth measures 40 feet, providing substantial interior room. The property includes a 20-year hangar land lease agreement with the City of Farmington and the Four Corners Regional Airport, expiring March 31, 2039, with a valuable 15-year renewal option. The annual lease payment is $650.26. The airport features a secure gated entrance, ensuring the safety and security of your aircraft. This is a unique opportunity to acquire a well-maintained, spacious hangar in a desirable location with a long-term lease in place. Serious inquiries only. A minimum of 24 hours' notice is required for all showings. The sale includes only the hangar itself
Cap rate
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AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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