Hangars at Morristown Regional Airport

5577 Old Highway 11E, Morristown, TN 37814

  • For Sale $1,600,000
  • Property Type Other
  • Property Size 12,000 SF
  • Property Tenancy Single Tenant
  • Year Built 2021
  • Date Updated Apr 11, 2024
The property is located at Morristown Regional Airport just past St. Johns Road headed toward Air Park Blvd. The airport sits just blocks off the main Hwy 11E and approximately 5 miles from I-40.This offering is the sale of the leasehold interest in two hangars at the Morristown Regional Airport. Hangars B & C were built in 2021 and placed on a ground lease with the City of Morristown for 30 years with no fee. There is approximately 26 years remaining on the lease. Both hangars are 6000 SF with a small office and restroom. Hangar C is currently subleased bringing in $6,000 per month and Hangar B is available for occupancy.

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Highlights

  • Leasehold Interest Sale
  • Two 6,000 SF Hangars
  • 2021 Build
  • 26 Years Remain on Ground Lease
  • Hangar B Available for Occupancy
  • Hangar C Leased for $6,000 a month

Contacts

broker

Matthew Strother

SVN | Wood Properties

(865) 309-6272

Location

Getting Around

  • Walk Score ®

    21/100 Car-Dependent

  • Bike Score ®

    25/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Morristown, TN
  • Neighborhood Morristown
  • Zip Code 37814

Points of Interest

  • Weigel's

    1.54 miles

  • Weigel's

    5.16 miles

  • Pilot

    5.29 miles

  • Shell

    5.80 miles

  • Weigel's

    6.25 miles

  • Weigel's

    6.33 miles

  • Weigel's

    7.57 miles

  • Murphy USA

    7.57 miles

  • Exxon

    8.44 miles

  • Marathon

    9.32 miles

  • ETRPSC Proving Grounds

    7.21 miles

  • Hampton Inn & Suites - Morristown

    6.45 miles

  • Best Western Plus Morristown Conference Center

    6.47 miles

  • Days Inn

    7.62 miles

  • Holiday Inn Express & Suites - Morristown

    7.93 miles

  • Fairfield Inn & Suites - Morristown

    8.00 miles

  • Quality Inn

    9.93 miles

  • McDonald's

    0.44 miles

  • Wendy's

    1.60 miles

  • Aubrey's

    1.70 miles

  • Texas Roadhouse

    1.75 miles

  • Golden Corral

    3.23 miles

  • Taco John's

    3.40 miles

  • Pal's

    3.88 miles

  • Chick-fil-A

    4.05 miles

  • Arby's

    4.15 miles

  • Shoney's

    4.25 miles

  • Alpha Elementary School

    0.22 miles

  • Westview Middle School

    2.09 miles

  • All Saints Christian School

    2.84 miles

  • Talbott Elementary School

    3.06 miles

  • Westview School

    3.55 miles

  • Lakeway Christian Academy

    5.04 miles

  • Southern Heights Elementary School

    5.04 miles

  • Tennessee College of Applied Technology - Morristown

    5.12 miles

  • Morristown-Hamblen West High School

    5.15 miles

  • Sherwood School

    5.55 miles

  • Hill School

    5.84 miles

Frequently Asked Questions

What is the lease rate for Hangars at Morristown Regional Airport?

Rental asking rate at Hangars at Morristown Regional Airport is $800,000.00/YR.

What is the total square footage of Hangars at Morristown Regional Airport?

Hangars at Morristown Regional Airport totals 12,000 square feet.

When was this property built?

Hangars at Morristown Regional Airport was built in 2021.

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Contact Listing Broker

broker

Matthew Strother

SVN | Wood Properties

(865) 309-6272