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    4696-b Hwy N, Unit 377 Stephenville, TX 76401

    For Sale
    $6,750,000

    Business - Stephenville, TX

    Type:Business
    Lot size:
    146.43 Acres
    Days on Market:
    136
    Last Refresh:
    Dec 11 at 9:06 pm

    Property Features for 4696-b Hwy N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    R000025020
    Parking features
    Carport, Garage, Open, Other, Oversized, Parking Lot, RV
    Fireplace
    1
    Lot size
    146.43 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s), Other (Heating), Propane (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1992
    Flooring type
    Concrete, Laminate, Other, Tile, Tile - Ceramic
    Building materials
    Steel Siding
    Roof type
    Composition, Metal
    Architectural style
    Other

    Light Realty (817) 964-7559

    Listing agent Nikki Light (817) 964-7559 License #0705405

    Listing date Jul 29, 2025

    MLS# 20989151 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Stephenville Arena and Land Package

    This commercial property, known as Lone Star Arena, is situated in Stephenville, TX, a city known for its champions and Tarleton State University. The property includes 146.43 acres and two houses: a 2,540 sqft brick home with 3 bedrooms, 2 bathrooms, and 2 living areas, plus an apartment. The additional house has 1 bedroom and 1 bathroom. The residences could be used as living quarters and a rental, or both could operate as Airbnbs. The property's location offers visibility from HWY 377, making it a sought-after event center. The arena seats close to 3,000 spectators and includes 2 separate indoor arenas under one roof, 7 renovated skyboxes, 110 RV hookups, 344 stalls, 8 big ass fans, and parking. The property also features a Private Club. The location and amenities make this property suitable for a variety of uses.
    Location Intelligence

    Current Use by Public Records

    Race tracks

    Map

    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.160428
    Latitude
    32.234783

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    FAQs

    What type of property is this?
    Race track - 146.43 acres with arena, two houses, and event potential.
    Where is this race track located?
    The property is located at 4696-b Hwy N, Unit 377 Stephenville, TX.
    What is the asking price?
    The asking price for this property is $6,750,000.
    What are key features of this property?
    This property features: - 146.43 acres of prime commercial property with EXCEPTIONAL VISIBILITY from HWY 377.; - Lone Star Arena event center with seating for close to 3,000 spectators.; - Two separate indoor arenas (under one roof), 7 renovated skyboxes, and a private club.
    (817) 964-7559
    Request Owner's contact information
    4696-b Hwy N, Unit 377 Stephenville, TX 76401
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    Stephenville, TX 76401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4696-b Hwy N, Unit 377 Stephenville, TX 76401
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