Lot 4R3 Ollie, Stephenville, TX 76401

$249,900

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List Price
$249,900
Price Change
▼ $50,000 1783498423
MLS#
21321426
Status
ACTIVE
Type
Land
Subtype
Land
Acres
0.45
County
Erath
City
Stephenville
Subdivision
KIGHT SECOND ADDITION

Property Description

* 0.5+- Acre Multi-Family Development Site * 3-Street Frontage * Short Walk to TSU Location: Short Walk to Tarleton State University, Chamberlin and Hook Elementary Zoning: R3 (Single or Multi-Family Residential) Utilities: Electric, Water, and Sewer Services Available On-Site The Opportunity: Seize a rare, shovel-ready development opportunity in the heart of Stephenville, Texas. This prime 0.5+- acre tract offers unparalleled flexibility for a high-density residential project. Positioned just blocks from Tarleton State and Stephenville schools, this is the premier location for student housing, an apartment complex, or a luxury townhome community. Strategic Advantages: Location, Location, Location Superior Accessibility: This is a rare opportunity with convenient street access on three sides, allowing for creative site plans, optimized parking layouts, and easy ingress-egress. High-Density Potential: Currently zoned R3, the land supports diverse construction possibilities from single-family homes to high-occupancy multi-family units. Infrastructure Ready: Save time and capital—Electric, City Water, and Sewer services are already available, significantly lowering your pre-development hurdles. Market Demand: Situated in one of Stephenville's most sought-after pockets, capturing the consistent demand for housing near the university. Whether you are looking to build a single residence multi-unit complex or a high-end residential enclave, the layout and size of this property allow for maximum creativity and ROI. Offered as four 0.5+- acre tracts or one 2.0 acre tract MLS#21222791 Invest in Stephenville’s growth now! Contact us today for site​​‌​​​​‌​‌​​​​‌‌​​‌‌​‌‌​​‌​​​‌​‌ details.

Additional Information

Lot Size
19,514
Acres
0.45
Lot Description
Corner Lot, Level, Few Trees
School District
Stephenville Isd
Elementary School
Chamberlai
Middle School
Stephenvil
High School
Stephenvil
Possession
CloseOfEscrow
Proposed Use
Multi-Family, Residential, Single Family

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Calculator source: Real Geeks

Listing courtesy of Brad Harrison from Clark Real Estate Group. Contact: (817) 458-0402