1520 RODEO DR, Lander, WY 82520

Located in Lander, Wyoming, this impressive 8,000 sq. ft. red iron span airport hangar presents a rare investment opportunity in a high-demand aviation market. Constructed in 2010, the hangar is currently operating as both a revenue-generating asset and a fully functioning aircraft maintenance facility.   Expertly designed to maximize space, the hangar has historically housed a variety of aircraft, including four Aztec twin-engine planes, a King Air, and up to eight single-engine aircraft. The facility is equipped with a 20' x 60' bi-fold Schweiss door system, renowned for its reliability and ongoing support with available replacement parts. Inside, the layout offers exceptional flexibility, featuring a spacious upper-level storage area and a dedicated lower-level section for parts and equipment. This is one of the few hangars in the region with full water, gas and sewer connections, supporting an on-site kitchen, bathroom, and enabling aircraft and equipment washing capabilities. In compliance with the city's land lease requirements, the hangar must be actively used by an aircraft for a minimum of seven months annually. The current owner leases approximately one-quarter of the space to a medical operation, with a long-term 7 lease with annual inrcease increments for an additional seven years-providing a strong, stable income stream. Operational costs are efficiently managed, with gas and electric utilities capped at $100 per month for the owner, and overages billed to the tenant. The land lease is affordably priced at $1,300 per year and includes a 15-year renewable term. Combining income potential with personal utility, this property offers a unique opportunity for investors or aviation professionals seeking a versatile and strategically located asset within the aviation and medical support sectors.                    The current renter supports this property as an income-producing asset while also ensuring any future owner remains in compliance with the city's lease requirement by maintaining aircraft usage of the hangar for a minimum of seven months each year.