Commercial Land for Sale in Stephenville, Texas
715 N Paddock St, Stephenville, TX 76401
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!
Location
- Street address
- 715 N Paddock St
- County
- Erath County
- Community
- Shapard & Collins
- Elevation
- 1,293 feet
Property details
- Acreage
- 1.952 acres
- MLS #
- NTREIS 20817123
- Posted
Parcels
- R000033253
Legal description
S5700 SHAPARD & COLLINS; BLOCK 9; LOT 1 & 2
Resources
Details and features
Listing
- Type
- Land
- Subtype
- Unimproved Land
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Central | Elementary | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 5, 2025 | Price drop | $699,000 | $271,000 -27.9% | NTREIS |
| Aug 29, 2025 | Price drop | $970,000 | $29,000 -2.9% | NTREIS |
| Aug 29, 2025 | Price increase | $999,000 | $29,000 3% | NTREIS |
| Aug 29, 2025 | Price drop | $970,000 | $29,000 -2.9% | NTREIS |
| Jan 18, 2025 | New listing | $999,000 | — | NTREIS |