Property Type:
Comm Sale or Lease
Square Footage:
22,000
Lot Size (sq. ft.):
212,399
Status:
Closed
Current Price:
$1,900,000
List Date:
9/23/2024
Last Modified:
10/01/2024
Overview
Description
Airplane Hangar and Office building available for sale subject to long term land lease, currently at $25,968/year with the Elizabeth City Airport Authority that runs through 2039 with two, ten year options to extend. Property is located inside the fences of the Elizabeth City United States Coast Guard Station which is the largest USCG air station on the Eastern Seaboard. Land is owned by the EC Airport Authority which also operates the Elizabeth City Municipal Airport. There is 15,000 sq ft of hangar space with 30' ceilings and 7,000 sq ft of office space that was built in 2010 and upgraded ($1.2M) in 2017. This property is not subject to any zoning regulations and the land lease is transferrable to the buyer of the improvements. Seller is currently operating as an aircraft radar, upgrade, and test facility and has features including but not limited to liquid nitrogen tanks and generator power to name a few.
Last Updated: October - 01 - 2024
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