Multi-Purpose Equestrian Arena & Event
For Sale
$4,700,000
4696 N US Highway 377, Stephenville, TX 76401
COMMERCIAL - Stephenville, TX
Property Size150,000 SF
Lot Size40.00 Acres
Price / SF$31.33
Days on Market242
Property Features for 4696 N US Highway 377
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
COMMERCIAL
Parking features
Parking Lot, Paved or Surfaced, Open, Oversize, RV
Security features
Security
Lot features
Acreage, Pasture, Few Trees
Directions
Lone Star Arena: 4696 N US HWY 377 Stephenville, TX 76401
Standard status
Active
APN
R000025020
Lot size
40.00 Acres
Taxes and HOA fees
Tax Description
ACRES: 135.430 A0683 SIMS WILLIAM & A0605 J J
Legal Description
ACRES: 135.430 A0683 SIMS WILLIAM & A0605 J J
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Propane (Heating)
Cooling system
Electric, Ceiling Fan(s)
Water source
Well
Building Details
Year built
1992
Floors in Building
2
Flooring type
Laminate, Concrete
Building materials
SteelSiding
Roof type
Metal
Listing Agency:
Light Realty
(817) 964-7559
Listed By:
Nikki Light · License #0705405
(817) 964-7559
Added: Jan 3
Changed: Aug 12
Last Checked: Sep 2 at 3:06AM
MLS# 21143386
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Multi-purpose equestrian arena and event center known as Lone Star Arena on a 40-acre site in Erath County. The property includes roughly 150,000 sq ft under roof, plus another 57,000 +- sq ft of covered area, with 2 entrances. The facility features 2 separate indoor arenas (under 1 roof) and 7 renovated skyboxes, and it seats close to 3,000 spectators. Equestrian operations are supported by 344 stalls and 110 RV hookups.
Built in 1992 with metal roofing and steel siding, the facility is designed for both events and day-to-day use. Amenities include 8 big fans, a private club, and plenty of parking with paved/surfaced, open, RV, parking lot, and oversize options. On-site water is provided by a well and wastewater service is via a septic tank. Heating is propane and electric, with cooling provided by ceiling fans and electric.
Visibility and access are supported by highway frontage on HWY 377, positioning the property for events of all sizes in Stephenville.
Built in 1992 with metal roofing and steel siding, the facility is designed for both events and day-to-day use. Amenities include 8 big fans, a private club, and plenty of parking with paved/surfaced, open, RV, parking lot, and oversize options. On-site water is provided by a well and wastewater service is via a septic tank. Heating is propane and electric, with cooling provided by ceiling fans and electric.
Visibility and access are supported by highway frontage on HWY 377, positioning the property for events of all sizes in Stephenville.
Key Highlights
- 40‑acre equestrian arena and event center on a 40‑acre site
- Roughly 150,000 sq ft under roof plus another 57,000 +- sq ft covered area
- 2 separate indoor arenas (under 1 roof) with 2 entrances
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 76401, TX
30,144
Population
13,826
Households
2.2
Avg Household Size
30
Median Age
35%
College-Educated
90%
High-School Grad
411.3 sq mi
ZIP Area
73
Density / Sq Mi
$60,864
Median Household Income
$31,925
Median Earnings
$1,136
Median Rent
$252,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Horse & equestrian property - Equestrian arena and event center on 40 acres with seating close to 3,000 spectators and extensive RV hookups.
Where is this horse & equestrian property located?
The property is located at 4696 N US Highway 377 Stephenville, TX.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: 40‑acre equestrian arena and event center on a 40‑acre site; Roughly 150,000 sq ft under roof plus another 57,000 +- sq ft covered area; 2 separate indoor arenas (under 1 roof) with 2 entrances
