Turnkey aviation asset with 100 percent occupancy for a decade, active waitlist, 3,400 ft turf runway, and 12+ acres of development potential.
GROVELAND, FL — AV8 Realty has listed for sale Grass Roots Airpark (FAA Identifier 06FD), a fully operational, income-producing private airport and established aviation community in the heart of Central Florida. The approximately 50-acre property in Groveland, Lake County, offers the rare combination of an active airstrip, steady cash flow, and substantial development upside, all within 30 miles of Orlando.
The airpark is anchored by a well-maintained 3,400-foot turf runway with grass taxiways providing direct access from the hangar complex. Grass Roots Airpark has been 100 percent occupied for over a decade with an active waitlist for hangar space, a rare indicator of durable demand in the private airport category.
Existing Improvements and Income
The property features an extensive roster of leasable aviation structures, including 16 quad hangars at approximately 4,650 square feet each with 42-foot bi-fold doors, 8 shade hangars for covered open-air storage, 2 large barn hangars used for storage and maintenance, multiple enclosed storage closets generating additional rental revenue, and a charming historic-style clubhouse with interior lounge and expansive covered porch overlooking the runway. A full complement of property maintenance equipment, including tractors, mowers, and tools, conveys with the sale.
All leases are structured month-to-month, giving a new owner maximum operational flexibility. Current rental rates are acknowledged to be below market, presenting a clear opportunity to increase revenue simply by adjusting rents to market-appropriate levels without any capital expenditure.
Development Upside
Beyond the existing income stream, Grass Roots Airpark offers significant upside through new construction. Over 12 acres of buildable land remain available across three distinct areas: approximately 4 acres north of the existing hangar complex, approximately 2 plus acres between the current hangars and the runway, and approximately 6 plus acres south of the runway. At an estimated density of 10 to 12 hangars per acre, the developable land could accommodate a substantial number of additional hangars, effectively doubling or more than doubling the current rental income of the airpark.
A Fast-Growing Central Florida Location
Grass Roots Airpark is ideally situated in Groveland, one of Central Florida’s fastest-growing communities. The property is approximately 30 miles west of downtown Orlando, with easy highway access via US-27 and State Road 50, and sits adjacent to Lake Louisa State Park. Orlando International Airport is less than 45 minutes away, and Walt Disney World, Universal Studios, and Central Florida’s world-class attractions are all within close proximity. The surrounding Clermont corridor has experienced rapid population and economic growth, strengthening the long-term value of owning a private airport in this market.
Property Highlights
- Approximately 50 acres with FAA Identifier 06FD
- 3,400 ft turf runway with grass taxiways
- 16 quad hangars at ±4,650 sq ft each with 42 ft bi-fold doors
- 8 shade hangars and 2 large barn hangars
- Historic-style clubhouse with runway views
- 100 percent occupancy for 10 plus years, active waitlist
- Month-to-month leases with below-market rents
- 12 plus acres of buildable land across three areas
- Maintenance equipment included in sale
- Optional add-on: 2,000 plus sq ft caretaker’s home on ±2.66 acres, available separately
Listing Broker
The property is listed exclusively by Melanie Riddick, Broker and Owner of AV8 Realty. For private showings, detailed financials, or to discuss this acquisition, qualified buyers and cooperating brokers can contact AV8 Realty at 772-888-0747 or [email protected]. The full listing is available at AV8 Realty’s website.
“Fully operational private airports rarely come to market, and an asset like Grass Roots with a decade of full occupancy, month-to-month leases, and 12 acres of developable land for growth is genuinely exceptional,” said Melanie Riddick, Broker and Owner of AV8 Realty. “A buyer can step into steady cash flow on day one, raise rents to market, and still have room to double the footprint. That combination of in-place income and development is what makes this a standout opportunity in Central Florida.”
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.
