Sky Acres Airport 79 Styles Way 14,440 SF 100% Leased Flex Building Lagrangeville, NY 12540 $1,400,000 ($96.95/SF) 3% Cap Rate

EXECUTIVE SUMMARY

Development opportunities abound in the booming Hudson Valley at Sky Acres Airport (44N). Your own private airport now exists in this rare aviation related opportunity in a fantastic setting. 14,046 SF commercial space with two clear span hangars with space for 8 airplanes and other equipment. The larger building, professionally repainted in 2020, is a Boeck steel frame and has a 6,000 SF hangar with a 1,000 SF mezzanine in 2/3 of the building. The other 1/3 of the building is two stories with 3,000 SF of office space on the second floor and 3,000 SF storage/equipment/workshop with a drive in bay on the first floor. The second building, built in 2014, is a steel skinned advanced framing technique hangar with 1,632 SF on one level. The paved parking lot has 25 spots. This all sits on 24+ acres of level and partially cleared land abutting the north end of the runway, with direct access to the taxiway from the hangars. Plenty of room to grow, with most of the land yet to be developed. Development potential of office, trade shop, light manufacturing, aviation schools and flight instruction, warehouse and a host of additional airport related uses. Access from a gated private road on the property, adjacent to Sky Acres airport, a full service airport with fueling station, terminal and restaurant, and approximately 40 miles to Stewart International Airport. Close to Hiking, Fishing, Skiing, Camping, Golf, Hunting, Embassies, as well as all of the other rural attractions located in the thriving Hudson Valley, one of the most beautiful places to live in the USA.

PROPERTY FACTS

Price $1,400,000
Price Per SF $96.95
Sale Type Investment
Cap Rate 3%
Property Type Flex
Property Subtype Light Distribution
Building Class C
Lot Size 24.91 AC
Rentable Building Area 14,440 SF
No. Stories 2
Year Built 1990
Parking Ratio 2.77/1,000 SF
Zoning AI - Aviation

AMENITIES

  • 24 Hour Access
  • Balcony

PROPERTY TAXES

  • Listing ID: 29654209

  • Date on Market: 9/29/2023

  • Last Updated:

  • Address: 79 Styles Way, Lagrangeville, NY 12540