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2050 N 300 W, Spanish Fork, UT 84660
$2,731,941
2050 N 300 W, Spanish Fork, UT 84660
Subtype
Industrial
Building SF
—
$/SF
—
Lot
0.1 ac
Property Details
Description
HANGAR A3 | PATEY AVIATION PARK | KSPK New construction at Spanish Fork Municipal Airport combining direct taxiway access with Main Street frontage, public parking and public access-ideal for an owner who wants serious aircraft capability with a professional, client-facing presence. THE HANGAR 9,025 SF column-free hangar with an 86' wide 26'6" high hydraulic door, 26'6" clear opening and 26' eave height. PRIVATE AMENITY SUITE 2,639 SF finished suite over two levels with its own restroom. 11,664 total SF. Main Street frontage gives guests, clients and deliveries convenient access to the amenity side without entering the secured airfield. INCLUDED Dedicated 125A electrical service and meter, ceiling-mounted gas unit heater, LED lighting, fire alarm, 2-hour demising walls, hose bib, floor drain and sewer. Pre-engineered insulated steel construction with 4" slab over vapor barrier. OWNERSHIP Own the building on a 50-year Spanish Fork City ground lease. 2026 ground rent is $0.74/SF/year and is set annually by City Council. Property tax applies to the structure only; ground lease transfers with the hangar. THE FIELD Direct taxiway access to Spanish Fork Municipal Airport's 6,500' lighted runway. 4,529' MSL, uncontrolled field, CTAF 122.9. Jet A available through the FBO. Secured perimeter with badge access and 24/7 owner entry. Approximately 10 minutes to Provo and under an hour to Salt Lake City. Estimated completion: Winter 2027.
Listed by Adam Lancaster · Lancaster & Co Realty LLC
Location
2050 N 300 W, Spanish Fork, UT 84660
Cap Rate Calculator
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Cap Rate
5.25%
$/SF
—
GRM
11.8
Cap rate estimates are based on assumptions, not guaranteed, and should not be relied upon. Buyers must verify all information — including NOI, OpEx, lease terms, and rent rolls — directly with the seller or listing agent.
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