614 S Edmonds Ln |
|
| Price: | $899,000 |
| Property Type: | lots |
| MLS #: | 21231640 |
| 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. | |
| Area: | Denton |
| Bedrooms: | None |
| Bathrooms: | None |
| Acres: | 1.04 |
| Virtual Tour: | Click here to view |
Courtesy: Michael Smith • Airstream Realty LLC • 214-554-1527 
Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. Data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.
This content last refreshed on 06/11/2026 08:00 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
