4696 N US Highway 377
Stephenville, TX 76401
Sports & Entertainment Property For Sale · 176,000 SF

Lone Star Arena is in Stephenville, Texas. The facility offers an extraordinary opportunity to invest in commercial property at an excellent location. It has an existing infrastructure that is used primarily as an equestrian venue, but it has held concerts, roller derby, trade shows, garden shows, dog shows, circus, and banquets as well. The location is one of Lone Star Arena’s greatest assets. The venue is only two and a half miles east of the Stephenville city limits and is just minutes away from the Tarleton State University campus. The main entrance to the facility is on US Hwy 377. This proximity is roughly an hour from the metroplex and makes it a viable location. This property features two separate indoor arenas under one roof, a warm-up area, cafe, bar, 3000 seating capacity including both stadium and VIP seating areas, 7 offices/skyboxes, security system, an abundance of parking, 112 RV hook ups, 344 stalls, 8 Big Ass fans, bucking chutes, roping chutes, indoor and outdoor working pens, and a digital marquis all on 40 acres. This is a profitable real estate investment that includes cash flow yield and is in an area where property is appreciating quickly. Lone Star Arena is a fully functional equine facility and is turnkey and ready to go. You can continue with the equestrian facility, but there is a plethora of other possible uses. Stephenville is a college town, and the facility could easily be developed into a successful laser tag arena, trampoline park, or any form of entertainment center, or it could become a residential development, upscale RV park with horse motel, a logistics hub, provide office spaces, become a warehouse, or an industrial building. This property could easily become your vision. There is also the opportunity to purchase additional land for growth and an expansion.