Agricultural Aviation Real Estate

Existing Ag Operation


Visit the “Photos” tab below to see larger images.

Brief Description

Real Estate & Buildings and Primary fixtures of Penrose, Inc.

Auction Schedule

Live On-Site Auction

Began: Thursday, August 02, 2018 at 10:05 AM CDT

Location 116 State Highway 284, Fair Oaks, AR 72101



12 acres More or Less including:

(2) 1/2 mile long North – South Runways. East runway is 1/2 mile grass that is crowned in the center and well maintained, one of the smoothest turf runways in this part of the country. West runway is 1/2 mile long with a little over 3/8 mile in asphalt that has recently been overlayed and sealed.

80′ x 100′ Metal Building with 20′ Lean-To Office addition features a 65′ Folding Door several Overhead Doors and Personnel Doors, Concrete Floor and Approach Ramp, New Metal Roof and Ceiling Insulation, New LED Lights, Air Compressor with 1,000 gallon Surge Tank. Office features a kitchen, restrooms and storage areas. Completely finished interior with Central Heat & Air.

80′ x 70′ Covered Storage, Pre-engineered metal building.

48′ x 48′ Shop Building with Overhead Doors and Personnel Doors, Concrete Floor, Electricity and Air Compressor

60′ x 60′ x 18′ Chemical Storage Metal Building / Workshop, included (2) 16′ Overhead Doors, Finished Break Room Area with Restroom and Kitchen area with through the wall air conditioner and infrared heater.

12,000 gallon Fuel Farm consisting of (1) 8000 gallon Fuel Tank and (2) 2000 gallon Fuel Tanks in containment wall

10,000 gallon Fuel Farm consisting of (1) 10,000 gallon Jet-A Tank in containment wall

2,000 gallon Water Tank (Reservoir – Surge Tank) with underground plumbing to:

(2) Liquid loading stations consisting of mixing vats and 10hp electric motors. Each loading station is plumbed to the Jet-A tank, too enabling fueling from the loading station.

Newer Single Wide Mobile Home fully furnished.

For More Information or a Property Information Packet, please contact us at the office at 870-523-5229 or by e-mail at

NOTE: Seller, through Grady Auctions & Realty, Inc, is entertaining pre auction offers on the Real Estate or the operatation, as a whole. If you are interested in scheduling a private showing of the property please contact the auction company at 870-503-1466

Featured Images

Click on any image to view larger.

Gallery: PenroseReal

Click on any image to view larger.

Auction Terms

Real Estate will be offered “Subject to Owner Confirmation”. Seller will pay 1/2 Closing Agent Fees, 1/2 Revenue Stamps, 1/2 Title Insurance and Pro-Rated taaxes until the day of closing. Buyer will be responsible for any and all other closing cost. Real Estate will be transferred via Warranty Deed.

10% Non-Refundable Deposit the day of the auction with the balance due at closing in 45 days or less at a closing agent to “To Be Determined”


Grady Auctions & Realty

2600 Airbase Road Newport, AR 72112

Your auction should be printing now. If not, please click here.