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(NW) Riverside Airport on 201 +/- Acres
3520 N. Hoover Rd. Wichita   KS   67205
AUCTION DATE & TIME:

June 3, 2010
12:00 PM

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Property Details

Class: Commercial
ID Number: 1874
No. of Acres 201 +/- Acres
Status Sold-Closed Auctions
Price $1,650,000.00

Info & Downloads

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Need more information call us 316-683-0612

DIRECTIONS

37th North and Ridge, East 1 mile to property.

COMMENTS

A UNIQUE OPPORTUNITY... This operating airport, which has been owned by the Sanders family for over 60 years, sits on 201+/- acres that will be offered into two parcels. The property is conveniently located near 96 HWY and Ridge Rd. with a mile of frontage on Hoover Rd. The property is zoned Single Family with Limited Commercial Zoning at the northwest and southwest corners. **See Info Packet for further breakdown**. PARCEL #1 sits on 195.3 acres and includes the airport runway, offices/lobby, and large maintenance hangar. The airport runway is 3,200 feet and 40 feet wide. There are 6 Hangars with 23 stalls leased and generating approx. $2,000.00/month. The stalls are 40' wide with some designed wider and taller for twin engine aircrafts. The hangar walls are poured concrete, the roof is pre cast concrete, floors are concrete slab and all hangars have water and electric hookups. One of the 6 hangars is attached to the airport office and has 14 staggered stalls. Some of the stalls have paved access drives to the runway while the others have dirt access. The attached lobby features a waiting area, 2 office rooms, a work shop, and men's & ladies restrooms, CH/CA with a high efficiency Lennox brand system. Just west of the hanger/office is a small parking lot with average stall widths of 9'. South of the parking lot is another hangar with 14 staggered stalls. A third hangar with 14 staggered stalls sits next to the runway with some paved direct access drives to the runway as well as 1 enclosed hanger. A fourth hangar has 10 staggered stalls with enclosed garage/storage units on either end of the hangar. A fifth hangar is a leased hanger with 2 large overhead garage doors and a sliding door with direct paved access drive to the runway. This hangar is on separate utilities paid by the tenant. The sixth hangar is a maintenance hangar to the north of the property next to a trailer home and light beacon. The trailer home is also on separate utilities from the airport and paid for by the trailer owner. Utilities available for the entire property are gas, electric, septic tank and 3 water wells all paid for by the owner. The electrical voltage is 110 for most of the airport with possible higher voltage to operate the runway lights, light beacon, and water pumps. There is an FAA Commercial Marker on the runway that generates $1,521.00/year. PARCEL #2 is 5.69 acres and located at the south west corner (29th & Hoover). This parcel is zoned Limited Commercial and Single Family. There is an abandoned farmhouse that was built in 1925 with 940 SF and a partial basement. A storage shed and barn are also on this parcel. The parcel is addressed 3510 N. Hoover. Broker participation is recognized, a 3% referral fee is being offered. Click the above link titled "Broker Registration" for details. There will be a 10% Buyers Premium added to the final bid price. TEXT MESSAGE UPDATES: Text the property ID number "1874" to 41513 and we will keep you updated on this auction. We will also send you a text reminder 45 minutes prior to the auction with directions. This is a free service, however, your cell phone provider may charge texting fees.

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FEATURES

Type
  • Other
Zoning
  • See Remarks
  • Limited Commercial
Overhead Doors
  • 8 Ft Clearance
Parking
  • Parking Lot
  • Parking Area
Road Frontage
  • City Arterial
Location
  • Freestanding
  • Corner Lot
Construction
  • Concrete Poured
  • Concrete Pre Cast
Roof
  • Flat Roof
Utilities Available
  • Electric
  • Septic Tank
  • Water Well
  • Gas
Floors
  • Concrete Slab
Heating
  • F/A
Cooling
  • C/A
Owner Paid Expenses
  • Gas
  • Mechanical Repairs
  • Water
  • Site Maintenance
  • Trash
  • Property Insurance
  • Internal Building Repairs
  • Real Estate Taxes
  • Electric
  • External Building Repairs
Electrical
  • 110 Volt
Miscellaneous Features
  • Fencing
  • Other
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UNIT DETAILS

Property ID

1874

Address

3520 N. Hoover Rd.

City

Wichita

State

KS

Zip

67205

Class

Commercial

Sold Price

$ 1,650,000.00

GENERAL

Number of Acres

201 +/- Acres

County

Sedgwick

Number of Stories

One Story

Present Use of Building

Airport

FINANCIAL

 
Monthly Income

$2126.75

General Taxes

Parcel #1: $2,765.67 / Parcel #2: $257.37

Yearly Specials

Parcel #1: $11.00 / Parcel #2: $4.04

Earnest Deposit Amount

Parcel #1: $40,000 / Parcel #2: $10,000

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McCurdy

This property is selling in its present condition and is accepted by the buyer(s) without any expressed or implied warranties or representations from the seller(s) or his(her) agent(s). It is incumbent upon the buyer(s) to exercise his(her) own due diligence prior to bidding on this property. It is the responsibility of the prospective purchaser(s) to have any and all inspections completed prior to the auction day including, but not limited to, roof, structure, termite, environmental, groundwater, flood designation, presence of lead-based paint and/or lead-based paint hazards, presence of mold, electrical, mechanical, plumbing and any other desired inspections, if any. Information given is from sources deemed reliable but NOT guaranteed by the seller(s) or the Realtor(s) / Auctioneer(s). Announcements made the day of the auction shall take precedence over anything previously stated or printed.