Orlando North Airport, Operations, Hangars & Land

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Airport Operations & Hangar Leases
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Real Estate:
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Business Description

Extraordinary Opportunity! This is a 306 Acre MULTIPLE PARCEL ID property - 299 acres in Orange County & 6.01 acres in Lake County. (There are TEN (10) common owner property tax ID's with total acreage of 306 acres. Orange County land has been designated a ''Growth Center'', which allows special zoning and development opportunities. An extensive study of this property was commissioned in support of the Growth Center designation that focuses on Aerospace / Manufacturing / OEM type development reliever to Orlando. The sellers are open to partial sale offers but strongly desire to sell all. Present income from Hanger Leasing, Fuel Sales and Flight Operations.

About the Business

Apopka, Florida
Year Established:
Number of Employees:
Real Estate:
Building Sq. Ft.:
Orlando North Airport proper includes 41 acres and $2,500,000+ improvements. Improvements are comprised of 27(48) buildings, 2700' paved runway,1400 grass overrun runway, double taxiways. The 24 all metal hangars are 3760 sq.ft with doors at both ends so that hangars can be split 50/50 allowing for 48 tenants. All hangars are leased. The operations building is 1200 sq.ft. Also on the property is a Single family 1,400 sf home used for security. Includes an above ground fuel farm with pumps. Seller wants to sell all in one purchase agreement.
Market Outlook/
Orlando proper and Orange County are both top growth centers for the United States. This growth requires increased aviation facilities to provide transportation support for business and companies. Other airports are limited by the amount of land available and are also centered in high density residential areas. Orlando North Airport offers the same growth opportunities but is located for long term expansion without high density residential encroachment. This advantage will allow companies to relocate or start new divisions with support from local, county
Growth & Expansion:
This property is a licensed airport with support from county and state for expansion. This is a major plus because obtaining new airport approval and licensing are very difficult if not impossible in areas where high growth is happening or expected. The present runway if 4,000' which can handle most general aviation aircraft but for business aviation the runway will need to be lengthened to around 7,000' to meet balance field takeoff requirments.
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About the Sale

Reason For Selling:
The owners are not developers but are agriculture industry professionals.
Seller will assist buyer gaining approvals for development of property and continued growing of airport revenues.
Gross Revenue
Revenues derived from 48 hangar leases and fuel sales; land lease from farming operations
Seller Financing:
Price of $10.5M is the offer starting point. Best Offers will be reviewed

Listing Info

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  Land Description & Tax ID's (1 MB)

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Business Listed by
Robert Brewster

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