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Multi-Purpose Arena & Event Center

4696 N US Highway 377 Stephenville, TX 76401

4696 N US Highway 377, Stephenville, TX, 76401
$4,700,000
For Sale
$4,700,000

COMMERCIAL - Stephenville, TX

Property Size150,000 SF
Lot Size40.00 Acres
Price / SF$31.33
Days on Market196

Property Features for 4696 N US Highway 377

General Information

Property type
Commercial Sale
Property subtype
Other
Parking features
Open, Parking Lot, Oversize, RV, Paved or Surfaced
Security features
Security
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

Utilities

Sewer type
Septic Tank
Heating system
Propane (Heating), Electric (Heating)
Cooling system
Ceiling Fan(s), Electric
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
Stephenville, TX
Listed by Nikki Light · License #0705405
Added: Jan 3 Checked: Jul 18 at 8:06 am
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.

This multi-purpose arena and event center, also known as Lone Star Arena, is built to host large and small events year-round. The facility includes roughly 150,000 square feet under roof plus an additional 57,000+- square feet of covered area, with two separate entrances. The complex features two separate indoor arenas under one roof, seven renovated skyboxes, and a private club, along with 8 large industrial fans to support event comfort. Equine and event operations are supported by 344 stalls and 110 RV hookups, with plenty of parking for spectators and participants. Seating is close to 3,000.

The property is located in Erath County with highway frontage and visibility from US Highway 377. The marketing materials describe the location as a convenient, high-visibility site in a fast-growing community, drawing event activity from across the region.

With its combination of indoor arena space, spectator seating, RV capacity, and stall count, this offering is a strong fit for operators seeking a turnkey venue for equestrian competition, livestock and rodeo-style events, and recurring community or regional gatherings. The private club component and extensive covered improvements also support hosting programs that benefit from a dedicated event setting and on-site logistics for attendees and participants.

Key Highlights

  • Multi‑purpose arena & event center known as Lone Star Arena in Stephenville, TX, with roughly 150,000 SF under roof plus about 57,000 SF covered area
  • Two separate indoor arenas under one roof with seats close to 3,000 spectators and 2 entrances
  • Amenities include 7 renovated skyboxes, a Private Club, and ample RV and livestock facilities: 110 RV hookups and 344 stalls

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Horse & equestrian properties

Suggested Use

HVAC Service Plumbing Service Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Building Supply Real Estate Agency Pet Store & Service Wine and Liquor Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Horse & equestrian property - Prime arena venue with highway visibility, multiple indoor arenas, RV hookups, stalls, and event-ready infrastructure.
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: Multi‑purpose arena & event center known as Lone Star Arena in Stephenville, TX, with roughly 150,000 SF under roof plus about 57,000 SF covered area; Two separate indoor arenas under one roof with seats close to 3,000 spectators and 2 entrances; Amenities include 7 renovated skyboxes, a Private Club, and ample RV and livestock facilities: 110 RV hookups and 344 stalls
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More about this property
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