Hangars at Morristown Regional Airport

For Sale

5577 Old Highway 11E, Morristown, TN 37814

This Morristown property for sale is located at 5577 Old Highway 11E. The current listed sale price for Hangars at Morristown Regional Airport is $1,600,000.

Contacts

broker

Matthew Strother

SVN | Wood Properties

(865) 309-6272

Property Details

  • 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.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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

Getting around

  • 21/100

    Walk Score ®

  • 25/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • ALDI

    1.74 miles

  • Walmart Supercenter

    1.83 miles

  • Ingles

    2.31 miles

  • Fountain Plaza Mall

    3.28 miles

  • Food City

    4.02 miles

  • Crescent Plaza Shopping Center

    4.87 miles

  • Sherwood Commons

    5.90 miles

  • Food City

    6.47 miles

  • Food City

    7.05 miles

  • Walmart Neighborhood Market

    7.10 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Matthew Strother

SVN | Wood Properties

(865) 309-6272