Current Use by Public Records
- Commercial real estate
Property Details for 1051 Peterson Ave
- Lot size
- 231.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 230-acre property in Decatur, Arkansas presents a unique investment opportunity. The estate boasts a private airport complete with a 3вЃ„4-mile paved runway, five fuel tanks, and 18,000 square feet of hangar storage. This infrastructure is ideal for aviation-related businesses or private use, offering significant potential for expansion and development. The property's strategic location provides easy access to two major highways, ensuring seamless transportation and logistics. Beyond the aviation assets, the property features stunning lakefront views, creating a picturesque setting for various ventures. Three existing homes are situated on the land, providing immediate occupancy options or a foundation for a larger development project. With its expansive acreage, prime location, and existing infrastructure, this property is well-suited for a diverse range of uses, including the expansion of an existing aviation business, the creation of a custom retreat, the development of a mixed-use commercial venture, or the establishment of an exclusive air-park residential community. The 28,042 square foot building footprint offers ample space for various uses. The possibilities are virtually limitless for this remarkable Arkansas estate.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Benton
- State
- Arkansas
- Longitude
- -94.4497
- Latitude
- 36.3351
