$9,900,000

Description

Pilot Country Airport, all parcels totaling approx 34.4 acres in a spectacular location. Pilot Country Airport represents a rare opportunity to acquire a fully operational, privately owned, public-use airfield and established residential airpark in Pasco County, Florida—strategically positioned along the rapidly expanding State Road 52 corridor within the high-growth Tampa Bay region. This asset combines proven aviation infrastructure, consistent in-place income, and significant development upside, creating a compelling opportunity for both aviation operators and real estate investors. With increasing regulatory barriers, zoning constraints, and land scarcity, new airport development in this region is extremely limited, making existing, licensed airfields highly defensible and effectively irreplaceable assets. The airport features a paved runway (18/36) measuring approximately 3,700 feet long by 75 feet wide, suitable for a wide range of general aviation aircraft. The runway was resurfaced in 2020, and the full lighting system was upgraded the same year, providing reliable pilot-controlled lighting for safe nighttime operations. Recent capital improvements further enhance operational capacity and revenue potential. A newly constructed (2024) 100’ x 100’ box hangar with a large fold-up door provides modern, high-demand storage for larger aircraft. A recently refurbished shade hangar accommodates up to 14 aircraft, complemented by approximately 10 outdoor surface tie-down positions. Notably, both hangar space and tie-down positions are consistently 100% occupied, underscoring strong demand and providing immediate, stable income with clear mark-to-market upside. The airport is equipped with 24/7 self-service 100LL fuel, supporting both based tenants and transient traffic. This existing infrastructure provides a strong foundation to scale fuel sales and expand aviation services, including maintenance, avionics, and flight operations—unlocking additional high-margin revenue streams. From an operational standpoint, the airport benefits from a favorable airspace position—located outside of congested controlled airspace while maintaining convenient access to the Tampa Bay metro area. This allows for efficient, less restricted operations, a key advantage for both recreational and business aviation users. The property also offers significant real estate and development potential. Approximately 10.34 acres of frontage along State Road 52 are zoned C-2 commercial, allowing for a wide range of uses, including aviation-related services, flex industrial, retail, or mixed-use development. The frontage can be configured in multiple ways, providing flexibility for a full-site acquisition or partial sale strategy. The location is a major driver of long-term value. State Road 52 is currently undergoing significant widening and infrastructure improvements, transforming it into a primary east-west corridor across Pasco County. The property is located less than 10 minutes from the new Moffitt Cancer Center Pasco County campus, a major regional healthcare and employment hub expected to catalyze substantial residential and commercial growth. Value-add and expansion opportunities include: Development of additional hangars (T-hangars, executive hangars, or hangar condominiums); Expansion of tie-down and aircraft storage capacity; Scaling fuel operations and introducing additional aviation services; Commercial development along SR-52 frontage and more!