$639,600

159-79 Olmstead Dr

Denison TX, 75020

Description

Excellent opportunity for a Pilot to own a hanger and receive income on a long term ground lease that has 26 years left from a 40 year ground lease. Approximate annual income is $23,340 for two hangers side by side, one hanger is a tri-plex with 3 tenants and the other hanger is a duplex with 2 tenants. Each of the 5 hydraulic doors are 47' wide & 14.5' clear height which will fit a Lear or most King Air planes. Both hangers are in excellent condition & front on an existing Taxi-way with swift access to the main runway. This is a one of a kind opportunity for a Pilot seeking an investment that will cover the cost of their own hanger. Technical Airport Info at website, northtexasregionalairport.com

Details

MLS#13841268
Sub-TypeResale
StatusActive
Year2002
Days On Site496

Features

SQ Feet15,600
Story(s)1
Units2
ZoningComm

Market Activity 75020

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Area Information

StateTX
CountyGrayson
CityDenison
Zip Code75020
AreaGRAYSON AREA (37)
Listing VS Median (in 75020)
Price:
$639,600
low | high
Med:
$159,900
100% of Average
SqFt:
15,600
low | high
Med:
0
100% of Average
$ / SqFt:
$41
low | high
Med:
$0
100% of Average
On Site:
496
low | high
Med:
9
100% of Average
Listing Updated: 09/20/2019
MLS Number: 13841268
Listing Provided By:
Frank Ventura  of  Easy Life Realty

All information provided by seller and is deemed to be correct, but is not guaranteed.  Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.

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