$5,000,000
10± Acres
Active
Lubbock County, TX

7806 76th, Lubbock, Texas

MLS ID: 20504330
Status: Active
Price: $5,000,000
Acres: 10±
Type: Business, Commercial
Address: 7806 76th
City, State: Lubbock, TX
County: Lubbock County
ZIP Code: 79407
Parcel Number: R323491
Year Built: 2014

Description

Apex Sports & Event Center in Lubbock, Texas, is a prime investment opportunity. With a 73,280 sq ft facility on 10.1 acres, it features four hardwood multi-use courts, ideal for diverse sports events. Fully leased at 100%, it's expected to generate a net operating income of $300,350 in 2023, bringing in a solid 6.26% cap rate. Strategically located in an area expecting a population of over 105,000 and a median household income of $112,300, this center offers a major foothold in Lubbock's sports and event industry. Act now to secure your investment in this thriving market!

Directions: Take US-62 W US-82 W (Marsha Sharp Fwy) toward US-62 US-82. Take the exit toward 82nd St Wolfforth TX-193-LOOP. Go for 0.2 mi. Turn right onto Alcove Ave. Go for 0.2 mi. Turn right onto County Road 7160. Go for 118 ft.

Additional Information

Interior

Building Area Total: 72,066
Flooring: Concrete, Wood

Exterior

Foundation Details: Slab
Inclusions: Business
Lot Features: Acreage
Lot Size Area: 10
Lot Size Source: Public Records
Lot Size Square Feet: 435,644
Parking Features: Parking Pad
Roof: Metal
Water Source: Well

Financial/HOA/Schools

Subdivision Name: Na
Zoning Description: Low Density Single Family (SF-2)
Karen Lenz

Karen Lenz

Cross Plains, Texas

(325) 668-3604

Interested? Contact Us Today About This Listing

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Listed By: Austin Williams of Milestone Realty Group