UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Kight Second Addition
MLS Listing ID 21319652
HOA Y/N None
Lot Size 0.546 Acres
Acres 0.546
Property Sub-Type Unimproved Land
Property Description
Location: Short Walk to Tarleton State University, Chamberlain and Hook Elementary
Zoning: R3 (Single or Multi-Family Residential)
Utilities: Electric, Water, and Sewer Services Available On-Site
The Opportunity: Seize a rare, shovel-ready development opportunity in the heart of Stephenville, Texas. This prime 0.5+ acre tract offers unparalleled flexibility for a high-density residential project. Positioned just blocks from Tarleton State and Stephenville schools, this is the premier location for student housing, an apartment complex, or a luxury townhome community.
Strategic Advantages: Location, Location, Location
Superior Accessibility: This is a rare opportunity with convenient street access on three sides, allowing for creative site plans, optimized parking layouts, and easy ingress-egress.
High-Density Potential: Currently zoned R3, the land supports diverse construction possibilities from single-family homes to high-occupancy multi-family units.
Infrastructure Ready: Save time and capital—Electric, City Water, and Sewer services are already available, significantly lowering your pre-development hurdles.
Market Demand: Situated in one of Stephenville's most sought-after pockets, capturing the consistent demand for housing near the university.
Whether you are looking to build a single residence multi-unit complex or a high-end residential enclave, the layout and size of this property allow for maximum creativity and ROI.
Offered as four 0.5+- acre tracts or one 2.0 acre tract MLS#21222791
Invest in Stephenville's growth now! Contact us today for site details.
Location
State TX
County Erath
Zoning Zoned R3 Single and Multi-Family
Direction GPS Friendly @ 955 N Ollie St
Exterior
Fence None
Utilities Available All Weather Road, Asphalt, City Sewer, City Water, Electricity Available, Phone Available, Underground Utilities
Garage No
Building
Lot Description Corner Lot, Few Trees, Level
Schools
Elementary Schools Chamberlai
High Schools Stephenvil
School District Stephenville Isd
Others
Restrictions Building
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA
Listing Terms 1031 Exchange, Cash, Conventional, FHA
Special Listing Condition Aerial Photo
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21319652
NEARBY SCHOOL & BUSINESS
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