1311 Aviation WayAvon Park, FL 33825

Property Details for 1311 Aviation Way

Year built

1968

Lot size

1.45 AC

Property size (Sq ft)

19,262 SF

Property type

Specialty properties

Property subtype

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.

Location Insight

City

Avon Park

County

Highlands

State

Florida

Latitude

27.59

Longitude

-81.5219

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