Address
7806 76th Street, Lubbock, TX
Price
$ 5,000,000
Property Attributes
- MLS#20504330
- TypeCommercial
- CountyLUBBOCK
- CityLubbock
- Zip79407
- StyleBusiness
- Price$ 5,000,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size10.001 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property 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!
| Price History | |
|---|---|
| 1/3/2024 | Listed $5,000,000 |
General Features
| Heating | Other |
|---|---|
| Cooling | Other |
| Utilities | City Sewer,Electricity Connected,Well |
| Ceiling Height | Other |
| Possession | 30-60 Days,60-90 Days,Negotiable |
| Roof | Metal |
| Year Built | 2014 |
| Tenant Pays | All Utilities |
| Business Type | Arts and Entertainment,Athletic |
| Building Use | Industrial,Office/Warehouse,Other |
| Will Subdivide | No |
| Gross Annual Expenses | 570720.00 |
| Property SubType | Business |
| Subdivision Name | NA |
| Zoning Description | Low Density Single Family (SF-2) |
| County | Lubbock |
| Property Type | Commercial Sale |
| Construction Materials | Metal Siding,Steel Siding |
| Year Built Details | Preowned |
| Status | Active |
| 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 7 |
| City | Lubbock |
| Buyer Agent Compensation | 3 |
| Street Name | 76th |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20504330 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Flooring | Concrete,Wood |
|---|---|
| Total Stories | 1 |
| Total Units | 1 |
| SQFT Gross | 435644 |
| Lock Box Type | Call Listing Office |
| Street Suffix | Street |
Exterior Features
| Lot Features | Acreage |
|---|---|
| Lot Size Source | Public Records |
| Parking Features | Parking Pad |
| Lot Size | 10 to < 50 Acres |
| Foundation | Slab |
| Lot Size Area | 10.0010 |
| Lot Size Units | Acres |
| Construction Materials Walls | Metal |
| Building Area Total | 72066.00 |
| Lot Size Square Feet | 435643.5600 |
| Lot Size Acres | 10.0010 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 79407
Price
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor NextHome Premier Choice shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
