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715 N Paddock Street

Stephenville, Texas 76401
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Acres1.95

Acres(Lot)

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!

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Detail Ic Property Details

Property Type : Land

Price : $699,000

AD Id : 74605326

MLS Id : 548981618

Lot Size : 1.95 Acres(Lot)

County : Erath

Subdivision: Shapard & Collins

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Map

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Feature Features

  • Utilities

    City Sewer,City Water
  • Cooling Features

    None

    Heating Source

    None

  • Exterior Features

    Other
  • Fencing

    Other

  • Lot Information

    Lot Size (Acr): 1.9520 Lot Size Units: Acres Lot Size Square Feet: 85,029 Lot Size Source: Assessor Lot Features: Acreage
  • Property Information

    Property Type: Land Property Sub Type: Unimproved Land Subdivision: Shapard & Collins City: Stephenville State: Texas Directions: USE ADDRESS IN GPS - 715 N Paddock St, Stephenville. 5 Lots total, see photos and survey. Property Status: Active

  • Listing Price Information

    Original List Price: $699,000
  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: R000033253 Tax Block: 9 Tax Legal Description: S5700 SHAPARD & COLLINS; BLOCK 9; LOT 1 & 2 Tax Lot: 1 Unexempt Taxes: $1,135

  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Central High School: Stephenvil Intermediate School: Gilbert School District: Stephenville ISD
  • Utility Information

    Utilities: City Sewer,City Water
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1260 Private Road 1656, Stephenville, TX, 76401 $995,000 3 2 1,870 54.60 Acres(Lot)
TBD 200 ACRES Fm-2481 R.., Stephenville, TX, 76401 $2,580,000 -- -- -- 200 Acres(Lot)
TBD 14 County Road 175, Stephenville, TX, 76401 $464,880 -- -- -- 23.24 Acres(Lot)
TBD County Road 175 #LO.., Stephenville, TX, 76401 $241,720 -- -- -- 12.09 Acres(Lot)
122 Mesa Vista Drive, Stephenville, TX, 76401 $65,000 -- -- -- 2.18 Acres(Lot)
1435 Private Road 1129, Stephenville, TX, 76401 $1,683,900 -- -- -- 187.17 Acres(Lot)
LOT 11 Mesa Vista Drive, Stephenville, TX, 76401 $110,000 -- -- -- 2.16 Acres(Lot)
LOT 40 Outpost Drive, Stephenville, TX, 76401 $100,000 -- -- -- 3.69 Acres(Lot)
TBD LOT #45 Bison Ridge.., Stephenville, TX, 76401 $115,000 -- -- -- 2.18 Acres(Lot)
TBD Outpost Drive #LOT .., Stephenville, TX, 76401 $110,000 -- -- -- 2.18 Acres(Lot)
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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 06/09/2026 @ 22:54

MLS: 548981618 LISTED BY: Jamie Wooley, Citiwide Alliance Realty 817-858-0055 SOURCE: NTREIS - North Texas Real Estate Information

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