Special Purpose•Other•For Sale

New Hibiscus Airpark

1890 98th Avenue, Vero Beach, Florida 32966

Sale Price $10,000,000
Sale Type Development
Zoning Agricultural
Bldg Type Multi-Tenant
Class B
Status Existing
Year Built 1973
Year Renovated 1973
Stories 1
Vacancy 100%
Annual Taxes $11,329.00
Gross Bldg 40,000 SqFt
Land Area 77 Acres
Ceiling Height 15.0 Ft
Parcel# 33380300001012000002.1 +2 others
Commission 2%
Fully Operational PRIVATE Airpark/Airport in Vero Beach, FL. FIRST TIME EVER OFFERED FOR SALE! 3 parcels tot ~77 Acres, Legal & Conforming. Future Land Use provides for major industrial development (N~2/3 of property), and medium density residential development (S~1/3). Currently utilized for single/twin engine aircraft, gliders, crop dusters, ultralight aircraft, parachute and drone. 3120 ft Active Runway. 2 Hangars. FAA Approved, FDOT Registered, Licensed and Annually Inspected. 1/4 Mile to I-95 North/South. SR 60 (20th Street) West of I-95, South on 98th Avenue. Left into Airpark (1890 98th Avenue). Airpark Entrance is currently not well-defined with directional signage.
  • Operating Airport/Airpark!
  • FIRST TIME EVER AVAILABLE FOR SALE!
  • 3120 foot existing grass runway
  • 2 Hangars totaling ~40,000 Sq Ft
  • Future Land Use provides for major Industrial Development
  • 1. ~77 Acres
  • 2. Fully Operational Airport/Airpark
  • 3. 1st Time Offered FOR SALE (by 2nd Generation Owner/Seller)
  • 4. Legal and Conforming
  • 5. FAA Approved
  • 6. FDOT Licensed and Annually Inspected
  • 7. ½ Mile to I-95 On/Off Ramp
  • 8. 2 Hangars
  • a. 30,000 square feet, and
  • b. 10,000 square feet
  • 9. Future Land Use: Industrial Development
  • 10. FPL bought nearly contiguous property (same zoning) for $125,000 per acre
  • a. Airport FOR SALE at: < $130,000 per acre
  • 11. Located in: Opportunity Zone
  • a. Tax Benefits include reduction or elimination of CAPITAL GAINS TAX
  • 12. Existing 3120’ foot grass runway
  • a. Possibly expandable to ~4500 feet
  • 13. Possibilities include but are not limited to:
  • a. Continued Operation and Expansion of Airport
  • b. Industrial Park Development
  • c. Private Airport and Private Estate Residence
  • d. Residential Housing (Aerodrome) Development with shared runway

1 Spaces

1
1/5/2019 12:00:00 AM 3/4/2019 6:07:28 PM
Alan Chane
Director, KW Commercial, Vero Beach
Vero Beach

LEAVE A MESSAGE

0/100
Human? type 145 below...
dummy toaster to trick _toastr script loaded by scripts.js Show Default