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715 Paddock Street

Stephenville, TX 76401

$699,000

Land · 1.95 ac · $358K/ac

Acres1.952 acres
Price per acre$358,094 / acre
ZoningOne and two-family residen…
Road frontageCity Street
WaterCity Water
SewerCity Sewer
TypeUnimproved Land

What it costs to own

Taxes$1,135 per year
MUDNone listed
HOANone listed
Price per acre$358,094

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

RARE turnkey in Prime location with existing plans to include 33 townhomes. The word is out Tarleton is D-1 and the buying window is short before the large funds come to town. With Tarleton State University less than 1 mile, this property offers investors an opportunity to capitalize on the demand needed for student housing. Zoned for both residential (R-2) and industrial use, the site provides flexibility for multiple development strategies in addition to the student housing. Adjacent to the newly developed Purple Rail townhomes, the property is ideally positioned to attract consistent rental demand and long-term appreciation. The 33 townhome units were developed by a team of architects, engineers and project managers. This is ready to go saving you significant time and money in the development process. Get in before you can not afford to!

The details

HeatingNone
CoolingNone

Lot featuresAcreage
FencingOther
Water sourceCity Water
SewerCity Sewer

ZoningOne and two-family residential (R-2) and Industrial
RestrictionsOther
EasementsOther
Surface rightsOther
Documents availableAerial Photo, Engineering, Survey, Topo Maps, Other

Mineral rights aren't stated in this listing — verify with the title company before purchase.

SubdivisionShapard & Collins

ElementaryCentral
High schoolStephenvil
DistrictStephenville ISD

MLS #21152834
Source
On the market1046 days
CountyErath

Around this home

One moment…

Everyday life

Nearest groceryH-E-B · 1.4 mi
Nearest parkBill Johnson Park · 0.2 mi

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Listing courtesy of Citiwide Alliance Realty — Jamie Wooley.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21152834. Information last updated September 11, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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