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$699,000
1.95± Acres
Active
Erath County, TX
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715 Paddock, Stephenville, Texas

MLS ID: 21152834
Status: Active
Price: $699,000
Acres: 1.95±
Type: Unimproved, Land
Address: 715 Paddock
City, State: Stephenville, TX
County: Erath County
ZIP Code: 76401
Lat/Long: 32.224246, -98.210001
Parcel Number: R000033253

Description

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!

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

Additional Information

Exterior

Lot Features: Acreage, City Lot
Lot Size Area: 2
Lot Size Source: Assessor
Lot Size Square Feet: 85,029
Road Frontage Type: City Street
Road Surface Type: Asphalt
Water Source: Public

Financial/HOA/Schools

Elementary School: Central
Elementary School District: Stephenville ISD
Middle School District: Stephenville ISD
High School: Stephenvil
High School District: Stephenville ISD
Subdivision Name: Shapard & Collins
Tax Annual Amount: 1135
Zoning Description: One and two-family residential (R-2) and Industrial

Extra Information

Documents Available: Aerial, Engineering Report, Other, Survey, Topographical Survey
Virtual Tour: https://www.propertypanorama.com/instaview/ntreis/21152834

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Matt Milligan

Matt Milligan

Weatherford, Texas

(817) 694-1121

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of May 26, 2026 at 12:00:00 AM UTC.

You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: May 26, 2026 at 12:00:00 AM UTC

Listed By: Jamie Wooley of Citiwide Alliance Realty