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9002 Memphis Dr - Premier Sportsplex 61,013 SF Sports & Entertainment Building Offered at $4,720,000 at a 9.26% Cap Rate in Lubbock, TX 79423

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INVESTMENT HIGHLIGHTS

  • Large urban tract at 9.89 acres with a premium sports facility with room to grow.
  • Can accommodate multiple events simultaneously.

EXECUTIVE SUMMARY

This is Lubbock’s largest recreational & team sports facility, featuring:
-Four hardwood basketball courts
-Four volleyball courts
-Batting cages
-Two racquetball courts
-Summer pool
-10,000 sq. ft. fitness center
-Lower-level stadium seating viewing area
-Full-service Courtside Café
Available for leagues, parties, and camps, this premier complex is designed to accommodate athletes and spectators alike, offering top-tier amenities for training, competition, and entertainment. With ample parking and a convenient location, it serves as a go-to destination for sports events, community gatherings, and private rentals.
Sitting on approximately 10 acres, this property offers tremendous potential for expansion and increased revenue. There are multiple possibilities for growth, including the addition of pickleball courts, tennis courts, or new buildings to enhance its offerings. This is a rare opportunity to invest in a thriving sports facility with limitless possibilities!

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $4,720,000
Price Per SF $77.36
Sale Type Investment or Owner User
Cap Rate 9.26%
Property Type Sports & Entertainment
Building Class B
Lot Size 9.89 AC
Building Size 61,013 SF
No. Stories 2
Year Built/Renovated 1975/2012
Cross Streets 90th St.
Zoning C3 - C3 General Retail

AMENITIES

  • Tennis Court
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R102825
Land Assessment
$667,821 (2025)
Improvements Assessment
$2,497,919 (2025)
Total Assessment
$3,165,740 (2025)
  • Listing ID: 35139537

  • Date on Market: 3/14/2025

  • Last Updated:

  • Address: 9002 Memphis Dr, Lubbock, TX 79423

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