Grass Roots Airpark - Income Producing with Development Ops
100% Leased Hangars/Airport for Sale
Marketing description
GRASS ROOTS AIRPARK — Income-Producing Private Airport | Groveland, FL (FAA: 06FD)
Call for Price | ~50 Acres | 100% Occupied | Significant Development Upside
AV8 Realty presents a rare opportunity to acquire a fully operational, income-producing private airport and aviation community in Groveland, Central Florida. Grass Roots Airpark (FAA Identifier: 06FD) has been 100% occupied for over 10 years with an active waitlist — a testament to the strong and growing demand for hangar space in the Orlando market.
PROPERTY OVERVIEW
The airpark encompasses approximately 50 acres and features a well-maintained 3,400-foot turf runway, 16 quad hangars (approximately 4,650 SF each with 42-foot bi-fold doors), 8 shade hangars, 2 large barns, a clubhouse with covered porch, and multiple storage units. All property maintenance equipment (tractor, mowers, and tools) is included with the sale.
Investment highlights
INCOME & LEASE STRUCTURE
All tenant leases are month-to-month, providing maximum flexibility for a new owner to optimize terms and rental rates. Current rents are below market value, presenting a clear opportunity to immediately increase NOI without capital improvements. The property's decade-long track record of full occupancy with a waitlist demonstrates consistent, reliable demand.
DEVELOPMENT POTENTIAL
Over 12 acres of buildable land remain available for additional hangar construction across three areas: ~4 acres north of existing hangars, ~2+ acres between hangars and runway, and ~6+ acres south of the runway. At a density of 10-12 hangars per acre, new development could effectively double or more than double the current income stream.
LOCATION
Groveland is located in Lake County, approximately 30 miles west of Orlando, with easy access via US-27 and SR-50. The property is adjacent to Lake Louisa State Park and less than 45 minutes from Orlando International Airport (MCO). The surrounding Clermont/Groveland corridor is one of Central Florida's fastest-growing areas, with strong population growth and increasing demand for aviation amenities.
ADDITIONAL NOTES
A ~2,000+ SF caretaker's home on approximately 2.66 acres is available separately from the airpark sale. This is a commercial transaction for the complete airport operation including runway, hangars, clubhouse, and developable land.
Contact AV8 Realty for private showings, detailed financials, and investment analysis.
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