Listing provided courtesy of Airstream Realty LLCMLS# 21231640MLS ProviderContact Information: Michael Smith
  • 83 days on site
  • 1 views

Shovel-Ready 1.04-Acre Indoor Sports Facility Site - Lewisville, TX Skip the 12-18 month entitlement process. All civil and building permits are approved and in hand on this fully permitted, construction-ready parcel just off I-35 in one of DFW's strongest suburban submarkets. Zoned General Business and surrounded by established retail, commercial, and dense residential, this site is entitled for a 16,000 SF indoor sports facility accommodating pickleball, padel, golf, and fitness — saving a buyer significant soft costs and eliminating the single biggest risk in development: entitlement uncertainty. Location Advantage No Competitor Can Replicate - Central Lewisville positions this facility directly adjacent to Lewisville High School (4,162 students), two middle schools, and the LISD Learning Center — a built-in pipeline for youth programming, after-school leagues, and family memberships no competitor is positioned to capture. The average pickleball player is now 35 years old, matching the median age and income profile of surrounding neighborhoods. The opportunity isn't to enter an empty market — it's to own the best-located site in one that's already proven. Site Entitlement Specifications 16,000 SF, 25-29 ft clear height, 8-month build time Parking: 32 on-site plus up to 15 additional via adjacent lease at $1.88 per space per month Utilities: All available — service letters in hand Financial Highlights *Seller Financing Available* Purchase Price: $899,000 - With $530K down on a $2.65M total project; Proforma at Stabilization: $256K approx. annual income, 15.9% approx. cash-on-cash return, $3.65M approx. value at a 7% cap rate Own and operate or build and lease — all permits, utility letters, and proforma available upon request.

Source: North Texas MLS, MLS#: 21231640

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  • Property Type
    Land
  • Lot
    1.04 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 614 S Edmonds Lane #101


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/5/2026Source: North Texas MLS Price Reduction
$899,000 -10.1%
4/7/2026Source: North Texas MLS Added to Database
April 07, 2026