Dallas, TX 75231 8787 Park Lane

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  • North Texas Real Estate Info Systems (NTREIS) - 37 - TX
  • MLS# 20795505
  • 12/11/2024
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Presented By: Melissa Oates with Allie Beth Allman & Assoc.; 214-437-9207
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
  • SQFT • 117,141
  • Year Built • 2000

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

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringConcrete
Heating Y/NYes
Total Stories1

General for 8787 Park Lane

AccessibilityAccessibleApproachWithRamp, AccessibleEntrance
Additional Parcels Y/NNo
Attached Garage No
AttributionContact214-437-9207
Business NameDallas Equestrian Center
Business TypeCommercial, Farm, Other, SaddleryHarness
Carport Y/NNo
CityDallas
Community FeaturesCurbs, Sidewalks
Construction MaterialsMetalSiding
CoolingWallUnits
CountyDallas
DirectionsGPS . 3 miles from Highland Park.
DisclosuresSpecialAddendum, DeedRestriction
Electric On Property Y/NNo
Garage Y/NNo
Gross Income1567378.54
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense38726.0
Land Lease Y/NNo
Leasable Area117141.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionSCOTTY'S GOLF PARK BLK J/5217 PT LT 1 & 1.1 A
Lot Size Square Feet371741.04
Lot Size UnitsAcres
MobileHomeRemainsYNNo
ModificationTimestamp2025-04-04T20:50:07.267-00:00
Net Operating Income345760.0
New ConstructionNo
Number Of Units Total100
Occupancy TypeTenant
Ok to LeaseOther
PossessionCloseOfEscrow
Possible UseOther
Property Attached Y/NNo
Property Sub Type AdditionalBusiness
Property SubtypeBusiness
Property TypeCommercialLease
Rent Control Y/NNo
RoofMetal
Security FeaturesSecurityLights, SecurityService
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Subdivision NameSCOTTY'S GOLF PAR
Tax Lot1
Tenant PaysAllUtilities
UtilitiesCableAvailable, ElectricityConnected, NaturalGasAvailable, SewerAvailable, SeparateMeters, WaterAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built2000
Year Built DetailsPreowned
Zoning DescriptionZoned for horses and horseback riding facility.

Exterior for 8787 Park Lane

Building Area Total117141.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
InclusionsBuilding Only, Business, Inventory, Machinery
Irrigation Water Rights Y/NNo
Lot FeaturesAcreage
Lot Size Acres8.534
Lot Size Area8.534
Lot Size SourcePublicRecords
Open Parking Y/NNo
Parking FeaturesAdditionalParking, Driveway
Road Frontage TypeCityStreet
Road Surface TypeAsphalt
SpaNo
Water SourcePublic

Additional Details

Price History

Suzanne Smith

Broker/Owner
Price $2,500,000
MLS#20795505
List Date 12/11/2024
Property Type Com Lease
Phone 903.235.4216
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