Listed by Airstream Realty LLC
$899,000
Shovel-Ready 1.04 AC Sports Facility Site | Lewisville, TX
Details
APN R11932
Property Type Land, Retail
Sub Type Sports/Entertainment, Commercial
Square Footage 16,000
Cap Rate 7.00%
Pro-Forma Cap Rate 7.00%
Pro-Forma NOI $256,000
Year Built 1983
Stories 1
Acreage 1.040
Zoning General Business
Parking Spaces 32 spaces
Parking Per SqFt 2.00
Investment Type Redevelopment
630 Edmonds Ln, Lewisville, TX 75067
Marketing description
Fully-Permitted & Shovel-Ready development parcel just off I-35, zoned General Business, surrounded by established retail, commercial, and dense residential.
This offering is ideal for a business owner looking to build and operate a premier sports facility or an investor seeking a high-return real estate asset. Two buyer profiles – own and operate your sports business, or lease to a tenant and collect
Investment highlights
- Fully-Permitted & Shovel-Ready development parcel just off I-35, zoned General Business, surrounded by established retail, commercial, and dense residential
- Skip the 12-18 month entitlement process -- all civil and building permits are approved and in hand. Designed for a 16,000 SF indoor sports facility (pickleball, padel, golf, fitness), this site delivers immediate construction-ready certainty in one of DFW's strongest suburban submarkets, saving a buyer significant soft costs. This offering is ideal for a business owner looking to build and operate a premier sports facility or an investor seeking a high-return real estate asset
- With $530K down on a $2.65M total project
- Proforma at Stabilization: $256K+/- annual income | 15.9%+/- cash-on-cash return | $3.65M+/- value at 7% cap rate
- Utilities: All Available (Utility Service Letters in hand)
- Ceiling Height: 25-29 ft | Parking: 32 spaces | Build Time +/-: 8 months
- Two buyer profiles -- own and operate your sports business, or lease to a tenant and collect
- Entitled to lease Additional Parking Spaces from the adjacent property (Up to 15 parking spaces at $1.88 per space/month)
- The average player is now 35 years old, matching the median age and income profile of Lewisville's surrounding neighborhoods. What any competitors don't have is this site's location: central Lewisville, directly adjacent to Lewisville High School's 4,162 students, two middle schools, & the LISD Learning Center -- a built-in pipeline for youth programming, after-school leagues, and family memberships that the existing facilities are not positioned to capture. The opportunity isn't to enter an empty market - It's to own the best-located site in a market that's already proven!
Listing Contacts
Listed by Airstream Realty LLC
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