715 N Paddock Street, Stephenville

$999,000

0 Beds
0 Baths
0 Sqft
1.95 Acres
0 Garages

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.

Essential Information
MLS® #20817123
Price$999,000
Bathrooms0.00
Acres1.95
TypeLand
Sub-TypeUnimproved Land
StatusActive
Community Information
Address715 N Paddock Street
SubdivisionShapard & Collins
CityStephenville
CountyErath
StateTX
Zip Code76401-3161
Amenities
UtilitiesCity Sewer, City Water
Interior
HeatingNone
Exterior
Exterior FeaturesOther
Lot DescriptionAcreage
School Information
DistrictStephenville ISD
ElementaryCentral
HighStephenvil
Additional Information
Zoning

One and two-family residential (R-2) and Industrial

Listing Details
AgentJamie Wooley
OfficeCitiwide Alliance Realty

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Listing information last updated on January 19th, 2025 at 11:30pm CST.

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