615 Old Highway 20South Sioux City, NE 68776

Property Details for 615 Old Highway 20

Year built

2004

Lot size

115.03 AC

Property size (Sq ft)

9,900 SF

Zone code

COMMERCIAL

Property type

Other commercial real estate

APN

220069530

APU

220069530

Description

This exceptional investment opportunity presents the chance to acquire Martin Field Airport, a fully operational private airfield in South Sioux City, Nebraska. Located just minutes from the Sioux City, IA metro area, this property boasts over 136 acres of land, including three parcels and several buildings. The existing structures comprise an office building, airplane hangar buildings, and a utility shop, along with some tillable acreage. The airport features a substantial 3,326-foot runway (50' x 4"), significantly reducing the cost and time associated with new construction. The property also benefits from over 1,600 feet of highway frontage on Hwy 20, ensuring excellent accessibility. Currently operating at 100% occupancy, this airport presents a unique opportunity for continued operation as an airfield, with ample space for expansion of hangars and the addition of aircraft maintenance services (A&P). Alternatively, the substantial acreage and prime location offer significant potential for redevelopment. The seller will consider subdividing the property, offering options ranging from 10 to 136 acres. The asking price is $2,500,000 for the real estate only

Location Insight

City

South Sioux City

County

Dakota

State

Nebraska

Latitude

42.456

Longitude

-96.4725

CBSA code

43580

CBSA name

SIOUX CITY, IA-NE-SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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