Homes for sale - 601 Alexander Road, Stephenville, TX 76401

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Shana Tennant

shana@investntex.com +1(817) 823-0072

$ 1,600,000

Est. payment | -/mo

4.21 Acres Lot

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$ 1,600,000

Est. payment | -/mo

Save Virtual Tour

4.21 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 4.213 Acres

Acres 4.213

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 4.201 - 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 tons of 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

Zoning Agricultural, Residential, R3 Mult-Family, Multi-Family

Direction GPS Friendly

Exterior

Utilities Available All Weather Road, Asphalt, Cable Available, City Sewer, City Water, Co-op Electric, Curbs, Electricity Available, Electricity Connected, Sewer Available

Street Surface Asphalt

Lot Frontage 484.0

Garage No

Building

Lot Description Acreage, Cleared, Few Trees, Level, Many Trees, Park View, Pasture

Schools

High Schools Stephenvil

School District Stephenville Isd

Others

Restrictions Easement(s)

Ownership Of Record

Acceptable Financing 1031 Exchange, Cash, Conventional, USDA Loan

Listing Terms 1031 Exchange, Cash, Conventional, USDA Loan

Special Listing Condition Flowage Easement, Verify Rollback Tax, Verify Tax Exemptions

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Darlene Crumley • Keller Williams Heritage West

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(817) 823-0072

shana@investntex.com

601 Alexander Road Stephenville, TX 76401

Shana Tennant

Key Details

Location

Exterior

Building

Schools

Others

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601 Alexander Road