Dallas, TX 75231 8787 Park Lane

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Presented By: Melissa Oates with Allie Beth Allman & Assoc.; 214-437-9207
  • MLS# 20795505
  • 12/11/2024
  • Request Tour
  • Request Info

Home Details

Dallas Equestrian Center (DEC) A unique and profitable opportunity awaits with the sale of the Dallas Equestrian Center (DEC), the largest and most prestigious equestrian facility in North Texas. Located in the heart of North Dallas near Southern Methodist University (SMU) and NorthPark Center, this prime location offers unparalleled access to some of the city's most affluent neighborhoods! The facility is also home to the nationally recognized SMU Equestrian Team, NEIA National Champions in 2022 and 2023, further elevating its reputation. DEC features: • 100+ horse stalls • Three covered arenas • An extra-large outdoor competition arena • Two outdoor jumping and riding fields Business Opportunity: This profitable equestrian facility operates under a 26-year long-term ground lease with multiple revenue streams: • Boarding and stall leasing (including a long-term lease with SMU). • A highly successful lessons program with loyal clientele. • Opportunities for expansion or diversification, such as adding event spaces or complementary businesses. Sale Includes: • Structures, footing, equipment, and assets, including lesson horses. • Current owner invested over $2 million in improvements to facilities, footing, equipment and lesson horses. • Significant tax benefits, including depreciation The flexibility of this facility allows buyers to maintain and grow the current programs or reimagine the space entirely. Modifications such as converting arenas into a wedding venue or adding other business elements are all possible. Why DEC? DEC offers the amenities of a large-scale, full-service equestrian center while retaining the personal touch of in-house trainers and individualized boarding programs. Conveniently located just minutes from downtown Dallas, this is unparalleled opportunity for equestrian enthusiasts, investors, or entrepreneurs to make their mark in the heart of North Texas Serious inquiries only.
Presented By: Melissa Oates with Allie Beth Allman & Assoc.; 214-437-9207

Interior Features for 8787 Park Lane

Other Interior Features

SQFT Gross117141
Lock Box TypeNone
FlooringConcrete
Occupancy Rate60
Total Stories1
Total Units100

General for 8787 Park Lane

Accessibility FeaturesAccessible Approach with Ramp, Accessible Entrance
Building UseOther
Business NameDallas Equestrian Center
Business TypeCommercial, Farm, Saddlery/Harness, Other
Ceiling HeightMore than 20 Feet
CityDallas
Construction MaterialsMetal Siding
CoolingWall Unit(s)
CountyDallas
DirectionsGPS . 3 miles from Highland Park.
Gross Annual Expenses1221617.82
HeatingWall Furnace
Insurance Expense38726
Lease TermOther
Number Of Leaseable Spaces100
Number Of Spaces Leased60
Occupant TypeTenant
Operating Expense IncludesAccounting, Capital Improvements, Gardener, Insurance, Legal, Licenses, Maintenance, Maintenance Grounds, Maintenance Structure, Mortgage/Loans, Payroll, Professional Management, Security, Staff, Supplies, Trash, Ut
PossessionClosing/Funding
Property SubtypeBusiness
Property TypeCommercial Lease
RoofMetal
Security FeaturesSecurity Lights, Security Service
Special NotesAerial Photo, Deed Restrictions, Special Contracts/Provisions
Standard StatusActive
StatusActive
Subdivision NameSCOTTY'S GOLF PAR
Tenant PaysAll Utilities
UtilitiesAsphalt, Cable Available, City Sewer, City Water, Concrete, Curbs, Electricity Connected, Individual Gas Meter, Individual Water Meter
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2000
Year Built DetailsPreowned
Zoning DescriptionZoned for horses and horseback riding facility.

Exterior for 8787 Park Lane

Building Area Total117141.00
Foundation Slab
Lot FeaturesAcreage
Lot Size5 to < 10 Acres
Lot Size Acres8.5340
Lot Size Area8.5340
Lot Size SourcePublic Records
Lot Size Square Feet371741.0400
Lot Size UnitsAcres
Parking FeaturesAdditional Parking, Driveway
Road Frontage TypeCity Street, Curbs/Gutters, Sidewalk
WaterfrontNo

Additional Details

Price History

Denise Carrillo

Licensed Texas REALTOR®
Price $2,500,000
MLS#20795505
List Date 12/11/2024
Property Type Com Lease
Phone 254.813.7303
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