Homes for sale - 715 N Paddock Street, Stephenville, TX 76401

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Mical Hagos

mical@micalhagos.com +1(214) 709-3338

$ 999,000

Est. payment -/mo

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Price Dropped by $501K

715 N Paddock Street Stephenville, TX 76401

1.87 Acres Lot

UPDATED:

12/17/2024 06:23 PM

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Shapard & Collins

MLS Listing ID 20447033

HOA Y/N None

Annual Tax Amount $1,135

Lot Size 1.870 Acres

Acres 1.87

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

Direction USE ADDRESS IN GPS - 715 N Paddock St, Stephenville. 5 Lots total, see photos and survey.

Interior

Heating None

Cooling None

Heat Source None

Exterior

Fence Other

Utilities Available City Sewer, City Water

Street Surface Asphalt

Lot Frontage 403.0

Garage No

Building

Lot Description Acreage

Schools

Elementary Schools Central

High Schools Stephenvil

School District Stephenville Isd

Others

Restrictions Deed,Other

Ownership JPW Consulting Co

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

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Ashlyn Allen • Citiwide Alliance Realty

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Mical Hagos

+1(214) 709-3338

mical@micalhagos.com

Mical Hagos

715 N Paddock Street Stephenville, TX 76401

Key Details

Location

Interior

Exterior

Building

Schools

Others

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715 N Paddock Street