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7806 76th Street

Lubbock, TX 79407
  • $5,000,000
  • STATUS: Active
  • ON SITE: 48 Days
  • ID#: 202400136
UPDATED: 147 min ago
$5,000,000
  • 0
    BEDS
  • 10
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 72,066
    SQFT
  • $69
    $/SQFT
Neighborhood:
733
Type:
Commercial
County:
Area:
7

School Ratings & Info

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 Lubbock Association of REALTORS® MLS. Listing 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. Data last updated: 2024-02-20T23:59:57.223.
www.vanpeltrealestate.com/homes/146358798
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7806 76th Street Lubbock, TX 79407

  • Price: $5,000,000
  • Status: Active
  • On Site: 48 Days
  • Updated: 147 min ago
  • ID#: 202400136
0
Beds
0
Baths
0
½ Baths
10
Acres
72,066
SQFT
$69
$/SQFT
Neighborhood:
733
County:
Lubbock
Area:
7
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 Exterior Steel Frame/Metal Foundation Details Slab Number Of Floors 1 Number Of Overhead Doors 0 Number Of Parking Spaces 0 Roof Metal Streets Dirt

Interior Features

Ceiling Height 0 Floor Covering ConcreteWood

Property Features

Crops No Industrial Type Light IndustrialMixed Use Lot Size Source (Tax Data) Minerals Available No Occupied Yes Property Sub Type Business Proposed Financing CashConventionalExchange Security Deposit 0 Special Purpose Type Sports/Entertainment Specific Use No Tax Annual Amount 0 Wells 0

Listing provided courtesy of Austin Williams of Milestone Realty Group: . Listing information © 2024 Lubbock Association of REALTORS® MLS.


© 2024 Lubbock Association of REALTORS® MLS. Listing 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. Data last updated: 2024-02-20T23:59:57.223.
 
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