I have the opportunity to bid on a land lease to build a hangar at my local airport, and some questions on land leases and hangar building.

What are people paying for a land lease? Exspecialy people in the exspencive parts of the US. (To give yo an idea my tie down is $115, and t-hangers at the field are $450 and up a month.)

What should it cost to build a 4 to 5 single engine aircraft hangar, and what size hanger would this be?

The reason for the hanger is to get my MX business off the ground. I am planing to rent two spots in the hanger to tenants at $400 an month and am hoping that will cover the cost of the land lease and hanger so I don't have any "over head". The rest of the space will be for MX. All I'm trying to get up at first is the hangar, door, and electrical. My goal would be to make enough money over the summer to install insulation and heat by fall time.

The average ground lease rate at my publicly owned airport is about 50 cents per square foot per year, based on building footprint. Nested t-hangars are right around 1000 sq ft each, at my airport mostly in 200' x 50' buildings -- 7 t's plus a hangar-and-a-half at each end. A 60x70 hangar would give you 4200 sq ft, room for shop operations plus a couple rental spots. At my airport, the ground lease for this would cost you about $2100/year or $175/month, plus a 12.84% state leasehold tax. With $115/month tiedowns & $450/month hangars, it sounds like your airport is higher-end than mine- we're at about $65 & $250 respectively, so you'd better budget for almost twice as much. Best to go to the airport authority & get the straight scoop though.
The newest t-hangars here are being offered for around $50 or 55K, so figuring in markup the construction cost is probably around $35-40/sq ft. That could be way different for your area, esp if you have to provide "infrastructure" (storm drains, taxiways, power, water, sewer). Airports can get funding for at least part of this (taxiways) from state aviation & FAA grants.
Good luck with it.

The reason for the hanger is to get my MX business off the ground.

MX?? As in Motocross??

58Skylane wrote:

The reason for the hanger is to get my MX business off the ground.

MX?? As in Motocross??

MX = Maintenance

bart wrote:

58Skylane wrote:

The reason for the hanger is to get my MX business off the ground.

MX?? As in Motocross??

MX = Maintenance

Oh, I see

Carry on........

Cool thanks for the info. Luckily the land location is positioned so that not taxiway or drainage will be required. I am going to swing by the airport today and get some questions answered. Does anyone have any experience with the dome shaped hangers? If so was it cheaper than a normal square building. Does anyone have any experience financing a building you don't own the land for?

Motocross now that you mention it does sound appealing. No AD searches, No logbooks written on napkins, and no student pilots trying to kill me. The only problem is the best I ever finished was 165th place.

FYI. Www.Eaglerigidspan.com looks like they have done some hangars. I am not a builder and I have not talked to them. So this is not a recommendation, just something I ran across. But the hangars look interesting.

Good luck.

First hangar door i built was by myself, it was a hydraulic door. the second time around i used www.aero-door.com

if you have time on your hands and can fab i say dang it give it a try.