Bought with Coldwell Banker Professional
$47,000
$50,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
884 SqFt
SOLD DATE : 02/22/2024
Key Details
Sold Price $47,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 884 sqft
Price per Sqft $53
MLS Listing ID 24372261
Sold Date 02/22/24
Year Built 1997
Annual Tax Amount $585
Tax Year 2023
Lot Size 1,306 Sqft
Property Description
Highly sought after McMinnville airport hangar. McMinnville is home to the Spruce Goose at the the Evergreen Aviation Museum in the heart of wine country. Hangar size is 40'6' wide x 10'4" tall sliding door Existing Lease Agreement with City of McMinnville expires 6/30/23 with a 5 year option to renew. HOA dues of $700 pay land lease, insurance and basic utilities. Land lease increases annually based on the Portland CPI-W, currently 3.2%. Per Lease section 2, hangar must be used for aeronautical purposes and specifically for the purpose of parking and storing aircraft. Outside water faucets. All offers to be reviewed Feb 13th. Response by 5pm on Feb 14th.
Location
State OR
County Yamhill
Area _156
Zoning M-2
Interior
Heating None
Cooling None
Exterior
Roof Type Metal
Garage No
Building
Story 1
Sewer Other
Water Community
Level or Stories 1
Others
Acceptable Financing Cash
Listing Terms Cash
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