1311 Aviation Way Avon Park, FL 33825
- Airport retail
- 19,262 SF
- 1.45 lot acres
Current Use by Public Records
- Airport retail
Property Details for 1311 Aviation Way
- Year built
- 1968
- Lot size
- 1.45 lot acres
- Property size
- 19,262 SF
- Property type
- Airport retail
Description
This exceptional Avon Park, FL, aviation business boasts 19,262 square feet of hangar and office space on a 1.45-acre lot with 63,161 square feet of air rights. Three buildings include a large hangar with 24-foot ceilings (westerly half) and a finished office space, a second hangar with 14-foot eaves and office space, a mobile home, and an efficiency apartment. The property features a 6,400 square-foot paint room, a 2,970 square-foot canopy housing a paint booth and generator, and a 65 KW standby generator. The business, established in 1974, enjoys 100% occupancy and generates a NOI of $400,000, representing a 10% cap rate. The property is situated in a gated industrial park with direct airport access, including taxiways and runways. The site is zoned I-1 and includes 51 parking spaces. Recent improvements include a complete roof replacement on one hangar and a partial replacement on another. A long-term lease with the City of Avon Park for adjacent land provides additional value. This is a rare opportunity to acquire a thriving aviation business with significant upside potential. Asking price: $4,000,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Avon Park
- County
- Highlands
- State
- Florida
- Longitude
- -81.5218474
- Latitude
- 27.5899878
