601 Alexander Road new Save Request In-Person Tour Request Virtual Tour
Stephenville,TX 76401
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20784542
HOA Y/N None
Year Built 1924
Lot Size 5.870 Acres
Acres 5.87
Property Description
Developers, here is your once-in-a-lifetime chance to purchase the only major tract of land available zoned for R3 multi-family use and catty-corner to the City Park! Conveniently located just a few blocks south of the charming historic square of Stephenville and less than a mile from Tarleton State University, part of the Texas A&M University System and one of the fastest growing Universities in the State of Texas! The 5.87 - acre site contains 2 parcels with an older home being sold 'As-Is' and includes 484' of road frontage on Alexander Rd. The topography is mostly level, to gently rolling, with several mature oak trees and will be suitable for most residential development projects. The city has already approved this site for single-family homes, duplexes, townhouses, or apartment buildings, offering limitless possibilities for a housing community that features a beautiful parklike setting near the Bosque River, easy access to miles of paved walking trails within the city park and the perfect location! Tarleton University has just recently expanded campus into Fort Worth, creating rapid population growth for the college town and a major housing shortage for students, professors and general administrative staff every year looking for rental properties near main campus. About 54% of Stephenville residents are renters according to a US Census, with a high expected occupancy rate, granting Investors a rare opportunity to capitalize on an incredible location with a large variety of tenants, in a city with a high demand for housing. City Services Available.
Location
State TX
County Erath
Community Jogging Path/Bike Path,Playground
Zoning R3, Multi-Family
Direction GPS Friendly
Exterior
Community Features Jogging Path/Bike Path,Playground
Utilities Available All Weather Road,Asphalt,Cable Available,City Sewer,City Water,Co-op Electric,Curbs,Electricity Available,Electricity Connected,Sewer Available,Well
Street Surface Asphalt,Concrete
Lot Frontage 484.0
Garage No
Building
Lot Description Acreage,Cleared,Few Trees,Level,Many Trees,Park View,Pasture,Rolling Slope
Schools
High Schools Stephenvil
School District Stephenville Isd
Others
Restrictions Building,Easement(s)
Ownership Of Record
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition Flowage Easement,Verify Rollback Tax,Verify Tax Exemptions