715 N Paddock Street Active Save Request In-Person Tour Request Virtual Tour
Stephenville,TX 76401
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Shapard & Collins
MLS Listing ID 20447033
Annual Tax Amount $1,135
Lot Size 1.870 Acres
Property Description
Located less than a mile from Tarleton State University, this property offers investors a rare opportunity to capitalize on a high-demand market. Zoned for both residential (R-2) and industrial use, the site provides flexibility for multiple development strategies, including student housing—one of the most lucrative options in this location. Adjacent to the newly developed Purple Rail townhomes, the property is ideally positioned to attract consistent rental demand and long-term appreciation. For a seamless start, the purchase includes professionally designed plans for 33 townhome units, developed by a team of architects, engineers, and project managers, saving investors significant time and upfront costs. With its prime location, existing plans, and built-in demand, this is a turnkey opportunity to maximize returns while contributing to the continued growth of the community.
Location
State TX
County Erath
Zoning One and two-family residential (R-2) and Industrial
Interior
Heating None
Cooling None
Exterior
Fence Other
Utilities Available City Sewer,City Water
Building
Lot Description Acreage
Schools
Elementary Schools Central
High Schools Stephenvil
School District Stephenville Isd
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,VA Loan,Other
Listing Terms 1031 Exchange,Cash,Conventional,VA Loan,Other
Special Listing Condition Aerial Photo,Survey Available,Other