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1924 Continental Street , B20

San Diego, ca 92154

$299,999
3 beds0.5 baths3,000 sqft
Rare Opportunity at Brown Field Municipal Airport (KSDM) Own a well-maintained aircraft hangar featuring built-in workspace and office areas, ideal for aviation professionals, private aircraft owners, or business operations. This approximately 40’ x 40’ hangar offers a functional layout with additional workspace, office, and storage areas on both the main level and upper mezzanine—providing flexibility for maintenance, project work, administrative use, or hobby aviation. Located at Brown Field Municipal Airport, this property operates under a long-term ground lease that has historically been renewed every 10 years. The current owner has successfully maintained the lease for over 40 years. Buyers are advised to verify lease continuation terms directly with the airport authority. Property Highlights: Approx. 40’ x 40’ hangar space Additional office, workspace, and storage areas Upper mezzanine for expanded use Heavy 220V electrical (including workshop access) Steel construction Commercial zoning Ideal for aviation operations, business use, or investment Investment Overview: Gross Scheduled Income: $28,800 Net Operating Income (NOI): $16,620 Cap Rate: 5.5% Low operating expenses and strong income potential Additional Details: No HOA No heating or cooling No vacancy allowance Listing terms: Cash, 1031 Exchange, Submit This is a rare chance to secure a versatile aviation property in a high-demand location with income potential and long-term upside.

Agent Information

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Gilbert GomezPremier Agency RE Realtor
(619) 366-7464
yourbetteragentgilbert@gmail.com
900 Lane ave suite 100Chula Vista, CA 91914
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Listing courtesy of: Gilbert Gomez