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10408 State Highway 64 E Immeuble de 71 560 pi² • Sports et divertissement • À vendre 9 555 879 $ CAD • Tyler, TX 75707



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RÉSUMÉ DE L'ANNONCE
Discover a rare opportunity to own one of East Texas’s most iconic entertainment venues — The Oil Palace. Located at 10408 State Hwy 64 E in Tyler, this massive 44-acre property features a 74,000+ sq ft arena with seating for 7,000 (expandable to 9,000) and stands as the only venue of its size within ~90 miles — ideal for concerts, sporting events, trade shows, circuses, large-scale banquets, or redevelopment. The sale includes all of the original operating equipment including stages, tables, chairs, bleacher seating, concert speakers, audio equipment, lighting, kitchen equipment, fridges, freezers, cash registers, walk thru body metal detectors, fork lift, floor polishers, mower, high bucket lift, couches, lounge chairs, office furniture, propane grills, portable beverage coolers, pressure washer, paint sprayer, tools, and so much more.
The facility boasts a 60,000 sq ft clear-span show floor, ~38-ft high ceilings, retractable seating, full commercial kitchen & concession infrastructure, multiple bars, entertainer “green-room” houses, workshop/storage buildings, green-room amenities, and extensive parking — plus the kind of highway frontage and visibility that few properties can match. A 2018/2019 renovation modernized seating, roofing, and layout — but with the recent closure and ownership change, this property offers a compelling “blank slate” for a visionary investor.
Use it as-is for concerts, rodeos, sporting events, monster-truck shows or community events — or reimagine the 44 acres for mixed-use expansion (hotel, RV park, retail, residential, etc.). With so few venues of comparable scale in East Texas, this is a rare chance to own a landmark property brimming with legacy, potential, and flexibility.
Property is split into 2 different parcels as shown in the attached aerial photos.
Serious inquiries only — for details on condition, equipment, or showings procedures, contact the listing agent.
All equipment included should be verified by doing a UCC search prior to purchase and is not guaranteed to be owned by the Bank/Seller.
Detailed information provided above has come from different website searches and is not 100% guaranteed accurate by the listing brokerage or Bank/Seller and should be verified by any Buyer prior to purchase.
The facility boasts a 60,000 sq ft clear-span show floor, ~38-ft high ceilings, retractable seating, full commercial kitchen & concession infrastructure, multiple bars, entertainer “green-room” houses, workshop/storage buildings, green-room amenities, and extensive parking — plus the kind of highway frontage and visibility that few properties can match. A 2018/2019 renovation modernized seating, roofing, and layout — but with the recent closure and ownership change, this property offers a compelling “blank slate” for a visionary investor.
Use it as-is for concerts, rodeos, sporting events, monster-truck shows or community events — or reimagine the 44 acres for mixed-use expansion (hotel, RV park, retail, residential, etc.). With so few venues of comparable scale in East Texas, this is a rare chance to own a landmark property brimming with legacy, potential, and flexibility.
Property is split into 2 different parcels as shown in the attached aerial photos.
Serious inquiries only — for details on condition, equipment, or showings procedures, contact the listing agent.
All equipment included should be verified by doing a UCC search prior to purchase and is not guaranteed to be owned by the Bank/Seller.
Detailed information provided above has come from different website searches and is not 100% guaranteed accurate by the listing brokerage or Bank/Seller and should be verified by any Buyer prior to purchase.
FAITS SUR LA PROPRIÉTÉ
| Prix | 9 555 879 $ CAD | Taille du lot | 44,09 AC |
| Prix par pi² | 133,54 $ CAD | Taille du bâtiment | 71 560 pi² |
| Type de vente | Investissement ou propriétaire utilisateur | Nombre d’étages | 1 |
| Type de propriété | Sports et divertissement | Année de construction | 1983 |
| Sous-type de propriété | Salle de théâtre/concert | Ratio de stationnement | 10,84/1 000 pi² |
| Classe d’immeuble | B | Zone de développement économique |
Oui
|
| Prix | 9 555 879 $ CAD |
| Prix par pi² | 133,54 $ CAD |
| Type de vente | Investissement ou propriétaire utilisateur |
| Type de propriété | Sports et divertissement |
| Sous-type de propriété | Salle de théâtre/concert |
| Classe d’immeuble | B |
| Taille du lot | 44,09 AC |
| Taille du bâtiment | 71 560 pi² |
| Nombre d’étages | 1 |
| Année de construction | 1983 |
| Ratio de stationnement | 10,84/1 000 pi² |
| Zone de développement économique |
Oui |
COMMODITÉS
- Climatisation
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Impôts fonciers
| Numéro de lot | 1-00000-0888-00-009000 | Évaluation des bâtiments | 11 127 478 $ CAD |
| Évaluation du terrain | 1 340 267 $ CAD | Évaluation totale | 12 467 746 $ CAD |
Impôts fonciers
Numéro de lot
1-00000-0888-00-009000
Évaluation du terrain
1 340 267 $ CAD
Évaluation des bâtiments
11 127 478 $ CAD
Évaluation totale
12 467 746 $ CAD
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10408 State Highway 64 E
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