715 N Paddock Street
Stephenville, TX 76401
- – beds
- – baths
- – sqft
- ~2 acre lot
- – on site
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.
Listing courtesy of NTREIS / Citiwide Alliance Realty
Last checked:
Checking…
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Last updated Jan 18, 2025
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MLS# 20817123 —
The Building
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Year Built:9999
Location
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Directions:USE ADDRESS IN GPS - 715 N Paddock St, Stephenville. 5 Lots total, see photos and survey.
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Latitude:32.22424600
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Longitude:-98.21000100
The Property
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Property Type:Land
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Property Subtype:Unimproved Land
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Parcel Number:R000033253
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# of Lots:5
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Lot Features:Acreage
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Lot Size:1 to < 3 Acres
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Lot Size SqFt:85029.1200
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Lot Size Acres:1.9520
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Lot Size Area:1.9520
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Lot Size Units:Acres
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Lot Size Source:Assessor
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Easements:Other
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Restrictions:Other
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Current Use:Other
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Possible Use:Industrial, Investment, Mixed Use, Multi-Family, Other
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Zoning Description:One and two-family residential (R-2) and Industrial
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Fencing:Other
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Soil Type:Unknown
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Vegetation:Grassed, Partially Wooded
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Horse Amenities:Other
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Exterior Features:Other
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Other Structures:Other
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Waterfront:No
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Surface Rights:Other
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Road Frontage Type:City Street
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Road Surface Type:Asphalt
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Will Subdivide:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Lot:1
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Tax Block:9
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Tax Legal Description:S5700 SHAPARD & COLLINS; BLOCK 9; LOT 1 & 2
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/ntreis/20817123
Heating & Cooling
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Heating:None
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Cooling:None
Utilities
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Utilities:City Sewer, City Water
Schools
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School District:Stephenville ISD
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Elementary School:Central
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Elementary School Name:Central
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Intermediate School Name:Gilbert
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High School Name:Stephenvil
The Community
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Subdivision Name:Shapard & Collins
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Association Type:None
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Development Status:City Limits
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
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1/16/25
Jan 16, 2025
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Listed / Active | NTREIS | $999,000 | |
11/19/24
Nov 19, 2024
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Price Changed | NTREIS | ||
10/17/23
Oct 17, 2023
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Listed / Active | NTREIS |