715 North Paddock Avenue

Stephenville, TX 76401

$999,000
Price
81,457 / 1.87
Lot Size / Acres

Description

Located less than a mile from Tarleton State University, this property offers investors a rare opportunity to capitalize on a high-demand market. Zoned for both residential (R-2) and industrial use, the site provides flexibility for multiple development strategies, including student housing—one of the most lucrative options in this location. Adjacent to the newly developed Purple Rail townhomes, the property is ideally positioned to attract consistent rental demand and long-term appreciation. For...Located less than a mile from Tarleton State University, this property offers investors a rare opportunity to capitalize on a high-demand market. Zoned for both residential (R-2) and industrial use, the site provides flexibility for multiple development strategies, including student housing—one of the most lucrative options in this location. Adjacent to the newly developed Purple Rail townhomes, the property is ideally positioned to attract consistent rental demand and long-term appreciation. For a seamless start, the purchase includes professionally designed plans for 33 townhome units, developed by a team of architects, engineers, and project managers, saving investors significant time and upfront costs. With its prime location, existing plans, and built-in demand, this is a turnkey opportunity to maximize returns while contributing to the continued growth of the community.
  1. Listed by Ashlyn Allen • TREC #0698248 • Citiwide Alliance Realty • 346-412-0524

Property Details for 715 North Paddock Avenue

Subdivision Name
Shapard & Collins
Zoning Description
One and two-family residential (R-2) and Industrial
LISTING UPDATED: 12/17/2024 12:23 PM

Property Details for 715 North Paddock Avenue

StatusActive
MLS #20447033
Days on Market431
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLots & Acreage / Residential
Year Built9999
Lot Size1.87 AC
CountyErath County

Building Information for 715 North Paddock Avenue

Lot Size1.87 AC

Property Information for 715 North Paddock Avenue

Summary
Location and General Information
  • Block: 9
  • Directions: USE ADDRESS IN GPS - 715 N Paddock St, Stephenville. 5 Lots total, see photos and survey.
  • Elementary School: Central
  • Elementary School Name: Central
  • High School: Stephenvil
  • High School Name: Stephenvil
  • Intermediate School: Gilbert
  • School District: Stephenville ISD
  • Geocode Confidence: High
  • Latitude: 32.22
  • Longitude: -98.21
  • State: Texas
Taxes and HOA Information
  • Tax Legal Description: S5700 SHAPARD & COLLINS; BLOCK 9; LOT 1 & 2
  • Association Type: None
  • Tax Lot: 1
Virtual Tour
Interior and Exterior Features
Interior Features
  • Heating: None
  • Cooling: None
Exterior Features
  • Fencing: Other
  • Waterfront: No
  • Horse Amenities: Other
  • Exterior Buildings: Other
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • AG Exemption: No
  • Financing Proposed: 1031 Exchange, Cash, Conventional, VA Loan, Other
  • Loan Type: Treat As Clear
  • Restrictions: Deed, Other
  • Documents Available: Aerial Photo, Engineering, Survey, Topo Maps, Other
  • Property Match: APN
Lot Information
  • Development: City Limits
  • Easements: Other
  • Frontage Feet: 403
  • Lot Features: Acreage
  • Lot Size: 1 to < 3 Acres
  • Lot Size Acres: 1.87
  • Lot Size Area: 1.87
  • Lot Size Source: Other
  • Lot Size Units: Acres
  • Lot Size Square Feet: 81457.2
  • Lots Sold Package: 5
  • Multi Parcel ID: Yes
  • Number Of Lots: 5
  • Parcel Number: R000033253
  • Parcel Number 2: R000033254,R000077303,R000077257,R000076957
  • Road Frontage: City Street
  • Soil Type: Unknown
  • Current Use: Industrial, Multi-Family, Unimproved
  • Road Surface Type: Asphalt
Farm Information
  • Vegetation: Grassed, Partially Wooded

Property History for 715 North Paddock Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 715 North Paddock Avenue

Taxable ValueLand$40,000Additions$23,460Total$63,460
Tax Record2023$1,025 ($85 / month)
Home Facts
Beds0Total Finished SqFt1,200 SqFtAbove Grade Finished SqFt1,200 SqFtStories1StyleSingle Family ResidenceCountyERATHAPNR000033253

Schools near 715 North Paddock Avenue

This home is within Stephenville Independent School District.
Rating
School
Type
Grades
Distance
Chamberlin Elementary School
Public - 1 to 2
Hook Elementary School
Public - 3 to 4
Gilbert Intermediate School
Public - 5 to 6
Henderson Junior High School
Public - 7 to 8
Rating
School
Distance
Chamberlin Elementary School
Public1 to 2

Hook Elementary School
Public3 to 4

Gilbert Intermediate School
Public5 to 6

Henderson Junior High School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 715 North Paddock Avenue, Stephenville, TX 76401

715 North Paddock Avenue is a 1.87 ac of land for sale in Stephenville, TX 76401. This property was listed for sale on October 17, 2023 by Citiwide Alliance Realty, it's currently listed at $999,000. This listing's school district is Stephenville Independent School District. Nearby schools include Chamberlin Elementary School, Hook Elementary School and Gilbert Intermediate School. 715 North Paddock Avenue is a 0-bed, 0-bath, 1.87 ac of land built in 9999 on a 81,457 sq. ft. / 1.87 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Citiwide Alliance Realty, Ashlyn Allen

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