Two finished hangars under one roof, each with a full apartment-style suite above, a private balcony over the runway, and a ground lease that runs through 2043.
LEESBURG, FL — Ask any pilot based near Orlando about finding hangar space, and you’ll hear the same answer: good luck. The waitlists at KLEE have been active for years, and quality enclosed hangars almost never trade. This one just did.
AV8 Realty has listed for sale a fully finished, two-sided corporate hangar at Leesburg International Airport. The 14,952 square foot building at 8600 Airport Boulevard is one of the nicest hangars of its kind anywhere in Central Florida, and both sides are sitting empty, ready for the next owner to taxi in.
Built in 2015 on a $5 million-plus budget and refreshed with nearly $400,000 in updates during 2022 and 2023, it’s the kind of property that usually trades off-market, if it trades at all.
Two Hangars. One Roof. Endless Possibilities.
Step inside either side and you’ll find a 4,900 square foot open-span hangar bay with an 18-foot by 60-foot electric sliding door, big enough to swallow anything from a King Air to a light jet. But the real surprise is upstairs.
Climb the stairs in either unit and the space opens up: three offices, three full bathrooms, a proper kitchen, and a lounge with windows that look down onto your aircraft. Step out onto the private balcony and the whole airfield stretches out in front of you, perfect for watching departures with a cup of coffee or hosting clients before a flight.
It’s not just a place to park your airplane. It’s a place to actually live a pilot’s life.
Why This Property, Why Now
Leesburg International sits on 818 acres in Lake County, tucked 45 minutes northwest of Orlando International. It has a control tower, customs on field, a 6,300-foot primary runway, and even a 15,000-foot seaplane water runway for good measure. In 2023, the airport handled 107,000 aircraft operations, and the hangar waitlist has only gotten longer.
The timing matters too. The surrounding area, The Villages, Tavares, Mount Dora, Lady Lake, is one of the fastest-growing residential corridors in Florida. More residents means more owner-pilots, more business travel, and more demand for space like this. Buyers don’t usually get to step into a market this tight with a turnkey asset this good.
A Smart Deal for the Right Buyer
The property is being sold as a long-term ground lease running through October 2043, and the annual ground rent sits at about $7,530. That’s remarkably low for a Class S corporate facility, and the lease includes a purchase option already spelled out. Airport management has also indicated that there will most likely be a new leasehold agreement..
Here’s what makes it interesting: the two sides are fully independent. A corporate flight department could take the whole building. An owner-pilot could move into one side and lease the other. An investor could lease both and let the tight Central Florida market do the heavy lifting. The optionality is real.
Property at a Glance
- 14,952 sq ft total, two independent 7,476 sq ft units under one roof
- Each unit: 4,900 sq ft hangar bay plus a 2,576 sq ft upstairs suite
- Electric sliding doors, 18 ft tall by 60 ft wide (jets, turboprops, twins welcome)
- Three offices, three bathrooms, full kitchen, and private balcony per unit
- Approximately $397,000 in recent renovations (2022 to 2023)
- Both sides currently vacant, move-in ready
- Towered airport with customs, 100LL and Jet A
- Ground lease through October 2043 with an executed purchase option
- 45 minutes from Orlando International (KMCO)
Ready to See It
The property is listed exclusively by Melanie Riddick, Broker and Owner of AV8 Realty. Pricing, financials, and private showings are available to qualified buyers. Call 772-888-0747, email [email protected], or view the full listing at AV8 Realty’s website.
Melanie Riddick, Broker and Owner of AV8 Realty said, “This one is different. It’s finished, it’s empty, and the upstairs space turns it into something way more than a hangar. A buyer could walk in tomorrow, open the doors, and start running operations promptly. Properties like this don’t sit on the market long, and frankly, they don’t come along often.”
AV8 Realty welcomes inquiries from cooperating brokers and qualified buyers nationwide. All showings are by appointment.
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About AV8 Realty
AV8 Realty is a specialized aviation real estate brokerage serving pilots, aircraft owners, developers, and aviation businesses across the United States. Headquartered in Florida and built on a tech-first, AI-driven platform, AV8 Realty connects thousands of qualified aviation buyers each month with hangar properties, airpark homes, private airports, and commercial aviation real estate opportunities. Priority markets include Florida, Texas, California, Georgia, Virginia, Colorado, and New York. Learn more at www.av8realty.com.
