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A property steeped in Colorado historical past is ripe for growth
Denver, CO – LIV Sotheby’s Worldwide Realty (LIV SIR) proclaims that the Platte Valley Airpark, positioned at 7507 County Street 39 in Fort Lupton, Colorado, has been listed by Les Pfenning and Josh Jackson of LIV SIR, and Rick Robinson of Area Business Actual Property, for $4.1 million. This distinctive itemizing is nestled on 226-plus acres and homes an enthralling single-family 2,200 sq. foot house, a meticulously maintained asphalt runway, a three-story statement tower and a 6,000 sq. foot foremost hangar. It comes with a number of profitable earnings streams together with hangar leases, gasoline gross sales and mineral rights.
Wealthy in historical past, this small, personal airport evokes one other period; it’s uncomplicated and quiet. There’s no management tower, few rules, and folks come and go as they please. In lieu of the management tower, they’ve their very own radio frequency so pilots can name in to see who’s in sample earlier than they land. Aviators share a camaraderie, and the airpark has a group ambiance, with pilots stopping by for gasoline or coming to work on their planes. You need to fly? Begin your engine and take to the skies as a result of there’s not often a wait.
“Within the Sixties, this was farmland. The proprietor was an aviator who constructed a hangar and a mud strip to land a small airplane. The property was foreclosed on within the late Seventies, bought by a household, who offered it to us – a small group of aviators – in 1992,” stated Kevin Kennelly, Platte Valley Airpark Shareholder. Kennelly’s love of airplanes started when he was a baby, rising up on a farm subsequent to an airport. Whereas he was presupposed to be serving to with the farm chores, he would watch the planes take off and land all day lengthy.
The 13 shareholders are aviators who acknowledge that change is occurring, and the realm is rising. What was thought-about removed from Denver, is now really a part of the rising suburbs. They need to associate with that change and transfer into retirement, as they contemplate themselves “previous timers” and never builders. Whereas they hope the property stays an airport and is bought by somebody who loves aviation as a lot as they do, in the end, they need the property to be a profitable enterprise for the brand new homeowners.
On the time it was bought, this group needed a privately owned public airport the place they may proceed their love of aviation, but it surely was run down. What makes it distinctive is the truth that most public airports aren’t run by aviators, and this one has been for over 30 years. They’ve improved the area in that point by constructing extra hangar area, which these within the Colorado aviation group know is a sizzling commodity with demand outpacing provide in our state. Additionally they improved the runways, taxiways and amenities.
“It’s at all times a bit higher than it was. It’s been cared for. It’s been an important expertise for lots of people through the years. The airpark is run by aviators, for aviators and a variety of people that love flying,” stated Jim McLaughlin, Platte Valley Airpark Shareholder. McLaughlin began his love of aviation by constructing mannequin airplanes as a baby. He attended the College of Colorado (CU) and joined the CU Flying Membership, the place he began flying and fixing planes.
Notable figures who’ve come into the Platte Valley Airpark by means of the years embody Stephen Coonts, creator of “Flight of the Intruder,” and Tom Love, who would land his jet on the airport whereas the Love’s Journey Cease was being in-built Hudson. As a result of the airport isn’t at the moment constructed for jets, this took nice ability to perform. The runway does have the capability to be prolonged to help bigger plane if a purchaser wish to supply turn-key jet operations.
Platte Valley Airpark opens doorways to countless potentialities, making it an distinctive owner-user property for passionate aviators or an funding group looking for to determine their very own Fastened Base Aviation Operation. With its present amenities and undeveloped acreage, the airpark presents immense progress potential for varied aviation-related ventures, together with flight coaching, on-site A&P mechanic providers, and hangar storage.
LIV Sotheby’s Worldwide Realty has twenty places of work in Colorado, spanning from the Denver Metro space to resort communities. For added data, please go to livsothebysrealty.com or cease by considered one of our places of work.
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