Racquet Sports & Fitness Studio – Fully Permitted, Shovel-Ready
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SHOVEL-READY PICKLEBALL/PADEL FACILITY – PERMITS APPROVED, BUILD IMMEDIATELY
This is a unique opportunity to acquire a shovel-ready 1-acre development site in Lewisville, TX. With all civil and building permits fully approved and in hand, you can bypass the 12-18 month entitlement process and begin construction immediately, and saving a buyer significant soft costs. This offering is ideal for a business owner looking to build and operate a premier sports facility or an investor seeking a high-return real estate asset.
PROPERTY DETAILS
The approved plans support a 16,000 SF square foot building for Pickleball/Padel/Fitness Club with the following layout:
•Parking: 32
•Ceiling Height: 25-29'
•Construction Time: 8 month
FINANCIAL PERFORMA
Total Project Cost: $2,600,000 (includes $850K land, $1.75M construction)
Build Cost: $162 per square foot
Estimated Market Value (completed): $3,300,000
SBA Financing Structure:
•Down Payment (20%): $520,000
•Loan Amount: $2,080,000
•Interest Rate: 6.5%
•Monthly Payment: $14,000
Investment Returns (Assuming $16/SF Base Rent):
•Annual Rental Income: $256,000
•Annual Debt Service: $168,000
•Net Annual Cash Flow: $88,000
•CoC Return: 16.9% on $520,000 down payment
•Estimated Value at 7% Cap Rate: $3,657,000
SUITABLE FOR TWO BUYER PROFILES
Business Owner-Operator: Build and operate your dream racquet sports club, fitness studio, or recreation center. Your $14,000 monthly mortgage is significantly less than market rent of $21,333 ($16/SF), allowing you to build equity while running a profitable business.
Real Estate Investor: Build and lease to a pickleball/padel club, martial arts academy, dance studio, or fitness operator. At $16/SF market rent, the property generates $256,000 annual income. After debt service ($168,000), this yields $88,000 net cash flow — a 16.9% cash-on-cash return on your $520,000 investment. At a 7% cap rate, valued at $3.65M.
LOCATION ADVANTAGES
Lewisville is in the Dallas-Fort Worth Metroplex, 10 minutes from DFW Airport with easy I-35 access. The site sits on Edmonds Lane — the same road as Lewisville High School (0.3 mi), Durham Middle School, and the LISD Learning Center, creating built-in demand for after-school sports, martial arts, and youth programs. The 25-foot clear height suits pickleball, padel, dance, martial arts, or any active recreation concept. Demographics: median age 34.8, $89K median income, active families and professionals.
TRANSACTION DETAILS
The property qualifies for SBA financing. The seller has completed the entitlement and design phases and is now seeking a buyer to execute the construction and operational phases.
Shovel-ready development with all entitlement risk removed.
Contact for details.
This is a unique opportunity to acquire a shovel-ready 1-acre development site in Lewisville, TX. With all civil and building permits fully approved and in hand, you can bypass the 12-18 month entitlement process and begin construction immediately, and saving a buyer significant soft costs. This offering is ideal for a business owner looking to build and operate a premier sports facility or an investor seeking a high-return real estate asset.
PROPERTY DETAILS
The approved plans support a 16,000 SF square foot building for Pickleball/Padel/Fitness Club with the following layout:
•Parking: 32
•Ceiling Height: 25-29'
•Construction Time: 8 month
FINANCIAL PERFORMA
Total Project Cost: $2,600,000 (includes $850K land, $1.75M construction)
Build Cost: $162 per square foot
Estimated Market Value (completed): $3,300,000
SBA Financing Structure:
•Down Payment (20%): $520,000
•Loan Amount: $2,080,000
•Interest Rate: 6.5%
•Monthly Payment: $14,000
Investment Returns (Assuming $16/SF Base Rent):
•Annual Rental Income: $256,000
•Annual Debt Service: $168,000
•Net Annual Cash Flow: $88,000
•CoC Return: 16.9% on $520,000 down payment
•Estimated Value at 7% Cap Rate: $3,657,000
SUITABLE FOR TWO BUYER PROFILES
Business Owner-Operator: Build and operate your dream racquet sports club, fitness studio, or recreation center. Your $14,000 monthly mortgage is significantly less than market rent of $21,333 ($16/SF), allowing you to build equity while running a profitable business.
Real Estate Investor: Build and lease to a pickleball/padel club, martial arts academy, dance studio, or fitness operator. At $16/SF market rent, the property generates $256,000 annual income. After debt service ($168,000), this yields $88,000 net cash flow — a 16.9% cash-on-cash return on your $520,000 investment. At a 7% cap rate, valued at $3.65M.
LOCATION ADVANTAGES
Lewisville is in the Dallas-Fort Worth Metroplex, 10 minutes from DFW Airport with easy I-35 access. The site sits on Edmonds Lane — the same road as Lewisville High School (0.3 mi), Durham Middle School, and the LISD Learning Center, creating built-in demand for after-school sports, martial arts, and youth programs. The 25-foot clear height suits pickleball, padel, dance, martial arts, or any active recreation concept. Demographics: median age 34.8, $89K median income, active families and professionals.
TRANSACTION DETAILS
The property qualifies for SBA financing. The seller has completed the entitlement and design phases and is now seeking a buyer to execute the construction and operational phases.
Shovel-ready development with all entitlement risk removed.
Contact for details.
About the Property
- Type
- Vacant Commerical Land
- Building Status
- Permitted
- Location Description
- Prime Lewisville location on Edmonds Lane, just 10 minutes from DFW Airport with easy access to I-35. Lewisville is a fast-growing Dallas suburb with a young population (median age 34.8) and strong incomes (median household income $89k). The area is a top-rated place to live in Texas, with a low unemployment rate and a robust local economy. This site is positioned to serve an active, affluent customer base in the heart of the booming Dallas-Fort Worth Metroplex, providing a large and growing market for recreation and entertainment businesses.
- Year Built
- 2026
About the Sale
- Furniture, Fixings and Equipment
- Included in Asking Price
- Financing
- SBA-qualified: 20% down ($520K), 6.5% rate, $14,000/mo payment.
Listing Info
- ID:
- 2465498
- Listing Views:
- 4
Attached DocumentsAttachment Disclaimer
Listing ID: 2465498 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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