TX > Stephenville
Stephenville, TX 76401,601 Alexander Road
Stephenville, TX 76401,601 Alexander Road
Stephenville, TX 76401,601 Alexander Road
Stephenville, TX 76401,601 Alexander Road
Stephenville, TX 76401,601 Alexander Road
Stephenville, TX 76401,601 Alexander Road
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Envision Realty Group

Envision Realty Group

+1(254) 300-9933
$ 2,100,000
Est. payment | /mo

5.87 Acres Lot

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$ 2,100,000
Est. payment | /mo
Save Virtual Tour

5.87 Acres Lot

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

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
©2024 North Texas Real Estate Information Systems.
Listed by Darlene Crumley • Keller Williams Heritage West
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(254) 300-9933

info@envisionregrp.com

2201 Washington Ave, Waco, Texas, 76701, USA

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601 Alexander Road