159 Industrial Park Drive , #7

Description

Rare opportunity to acquire a premium aircraft hangar at Gatlinburg Pigeon Forge Airport (KGKT) in the heart of the Great Smoky Mountains of East Tennessee. This well-appointed, steel-framed hangar offers approximately 3,000 square feet of hangar space with a 50' x 20' bi-fold door, providing ample room for a wide range of general aviation aircraft. Designed by a pilot for a pilot, the ground level features an office, full bathroom, storage room, gas heat, tankless gas water heater, insulated construction, and numerous convenience upgrades. Above the hangar is a beautifully finished approximately 900-square-foot pilot's lounge apartment, offering a full kitchen, living area, bedroom, and bathroom--ideal for weekend getaways, business travel, or extended stays while enjoying the Smoky Mountains. This offering is the sale of the hangar improvements only and includes the assignment of the existing airport ground lease. The property is currently in Year 4 of a 30-year ground lease with the Gatlinburg Pigeon Forge Airport. No fee simple real estate is being conveyed. The purchaser will acquire ownership of the hangar improvements and assume the remaining term of the ground lease, subject to airport approval. Conveniently located just minutes from Gatlinburg, Pigeon Forge, Sevierville, Dollywood, and Great Smoky Mountains National Park, this property offers an exceptional combination of aviation convenience and one of the Southeast's premier recreational destinations.