614 S Edmonds Lane #101, Lewisville, TX 75067
Local realty services provided by:ERA Newlin & Company
Listed by: michael smith
Office: airstream realty llc.
MLS#:21231640
Source:GDAR
Price summary
- Price:$799,000
About this home
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 Improvement: $799,000
- With $510K down on a $2.55M Total project; Proforma at Stabilization: $256K approx. annual income, 17.7% 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....
Contact an agent
Home facts
- Subdivision & Development:Quailcrest
- Listing ID #:21231640
- Added:175 day(s) ago
- Updated:September 30, 2026 at 12:47 PM
Structure and exterior
- Lot area:1.04 Acres
- Lot Features:Acreage, City Lot, Cleared, Flat
Schools
- High school:Lewisville
- Middle school:Marshall Durham
- Elementary school:Southridge
Finances and disclosures
- Price:$799,000
- Tax amount:$6,202
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated September 30, 2026 Listings with the NTREIS logo are listed by brokerages other than ERA Newlin & Company.New listings near 614 S Edmonds Lane #101
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