Listing Details

Listing ID: 1207

Hampton Roads Executive Airport - OM



Listing Details

Date Posted: 05-16-2018
Location: 5164 W. Military Highway
Chesapeake, VA 23321

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Property Information

Listing Type: For Sale

Website: Visit Our Website

Property Type: Land

Listing Description:
CBRE/Hampton Roads is pleased to exclusively present the sale of a general aviation regional reliever airport for the Norfolk International Airport. Hampton Roads Executive Airport (KPVG) is a privately owned general aviation airport containing

* 5,627 SF terminal buiding
* 12,198 SF restaurant, office and maintenance buildings
* 40,000 SF warehouse building
* 288,258 SF of T-Hangars
* 94,964 SF of business hangars
* 664 acres

The operation generates over $! million annually in fuel sales and NOI, has nearly a 95% occupancy rate for the 42 buildings available, and receives additional income from transient aircraft nightly tie-downs, ground transportation, office space, and food and beverage. There is substantial undeveloped land for master planned air access warehouse buildings or other potential uses.

Lot Size: 664 acre
Parcel Name: Hampton Roads Executive Airport