614 S Edmonds Lane #101 Lewisville, TX 75067

$1,000,000

About this home

Property Overview

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

Purchase Price: $1,000,000
SBA Eligible: approx. $550K down on a $2.75M total project
Proforma at Stabilization: $256K approx. annual income, 14.3% 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.