McMinnville Airport Unit #D-3, McMinnville, OR 97128

Listing Courtesy of Coldwell Banker Professional. Selling Office: Non Rmls Broker.

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Sold Price
$65,000
List Price
$75,000

Property Description

Aircraft hangar located at McMinnville Municipal Airport (KMMV), Unit D-3, offering on-field access and proximity to established aviation businesses. T-Hangar features a wide sliding door with approximately 40'6" width and 10'4" height clearance, concrete slab floor, clear-span interior, insulated wall panels, fluorescent lighting, and 20-amp electrical service. Exterior pedestrian access door and paved apron/taxi access in front of hangar. Ground lease with the City of McMinnville in place through 6/30/2032, with open-ended 5-year renewal options per lease terms. Annual land lease adjustments based on CPI-W (currently 2.8%). Annual HOA dues of $750 include land lease, insurance, and basic utilities. Hangar row includes exterior water faucets. Per lease agreement, hangar use is restricted to aeronautical purposes, specifically aircraft parking and storage. Located within the active KMMV airport environment alongside general aviation, commercial aviation, maintenance, and helicopter operations. Convenient access to McMinnville city center and nearby aviation landmarks, including the Evergreen Aviation & Space Museum. Opportunity to secure long-term aircraft storage at a growing regional airport in Yamhill County.

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