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7806 76th Street

Lubbock, TX 79407
  • $5,000,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 20504330
UPDATED: 33 min ago
$5,000,000
  • 0
    BEDS
  • 10
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
na
Type:
Commercial
Built:
2014
County:
Area:

School Ratings & Info

Offered by Austin Williams of Milestone Realty Group: .

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!

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© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robbins Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Robbins Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-28T21:45:11.64.
www.teamrobbins.com/homes/146363704
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7806 76th Street Lubbock, TX 79407

  • Price: $5,000,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 33 min ago
  • MLS #: 20504330
0
Beds
0
Baths
0
½ Baths
10
Acres
2014
Built
Neighborhood:
na
County:
Lubbock
Area:
Lubbock
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!
Exterior Features

Construction Metal SidingSteel Siding Construction Materials Walls Metal Foundation Slab Lot Description Acreage Lot Size Source Public Records Parking Or Garage Parking Pad Roof Metal Waterfront YN No

Interior Features

Ceiling Height Other Cooling Other Flooring ConcreteWood Handicap YN Yes Heating Other Sq Ft Gross 435644

Property Features

Building Area Source Public Records Building Area Total 72066.00 Building Use IndustrialOffice/WarehouseOther Construction Status Preowned Gross Annual Expenses 570720.00 Gross Annual Income 871070.00 Lake Pump No List MLSProvider Granbury Association Of Realtors Listing Terms 1031 ExchangeCashConventional Multi Zoning No Municipal Utility District No Net Operation Income 300350 Possession 30-60 Days60-90 DaysNegotiable Property Type Business Tenant Pays All Utilities Transaction Includes Business Utilities City SewerElectricity ConnectedWell Will Subdivide No Zoning Low Density Single Family (SF-2)

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robbins Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Robbins Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-28T21:45:11.64.
 
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Robbins Real Estate Group
1920 McKinney Ave WeWork/Robbins Real Estate Group
Dallas TX, 75201
Offered by Austin Williams of Milestone Realty Group: .