Commercial Airplane Hangar: Lease and Asset Sale $479,000
Are you an aviation professional or an investor looking for unique income-producing properties? This sale offers a hangar, garage, and office site at the Rostraver Airport. Located in Rostraver, Westmoreland County, Pennsylvania, the hangar is within the secure, gated grounds of the Airport. Sale includes the transferrable lease with the Westmoreland Airport Authority which expires in 2040 and the sale of the buildings and other assets on the property. Gas, water, sewage, and electric are all available on site. The buildings include a large 90’ by 90’ Main Hangar, a 30’ by 60’ Auxiliary Garage with in-floor radiant heat, and a 30’ by 30’ office/living area with heat and air conditioning. Both the Hangar and Garage have current, income-producing leases. Easy access from Route 51 and approximately 20 miles from Downtown Pittsburgh, this sale offers endless possibilities for a growing business or investment!
Main Hangar - 90x 90
Auxiliary Garage - 30x60 (with in-floor radiant heat)
Living Area / Office - 30x30 (heat - a/c)
Utilities Available - Gas, Water, Sewage, Electric
This sale would include:
The transfer of the current land lease with the Westmoreland Airport Authority.
The asset purchase of the Hangar.
Current land lease is transferable and active until 2040. Current land lease payment to the Airport Authority is $360.00 monthly. (Variable)
Auxiliary Garage is currently rented and is income producing.
Main Hangar is currently rented on a year-to-year lease at a rate of $5,500.00.
Lease/building is currently school/property tax exempt.
Contract us today with questions! Motivated Sellers!
Stefani Lucas 724-322-5893
Click on the link under CONTACTS for our website!