Turnkey Development Land with
For Sale
$699,000
715 N Paddock Street, Stephenville, TX 76401
Land, Stephenville, TX
Property SizeContact for details
Lot Size1.95 Acres
Days on Market216
Property Features for 715 N Paddock Street
General Information
Property type
Land
Property subtype
Other
Zoning description
One and two-family residential (R-2) and Industrial
Vegetation
Wooded, Grassed
Subdivision
Shapard & Collins
Lot features
Acreage, City Lot
Elementary school
Central
High school
Stephenvil
Elementary school district
Stephenville ISD
Middle school district
Stephenville ISD
High school district
Stephenville ISD
Directions
USE ADDRESS IN GPS - 715 N Paddock St, Stephenville. 5 Lots total, see photos and survey.
Standard status
Active
APN
R000033253
Lot size
1.95 Acres
Taxes and HOA fees
Tax Description
S5700 SHAPARD & COLLINS; BLOCK 9; LOT 1 & 2
Tax Annual Amount
1135
Legal Description
S5700 SHAPARD & COLLINS; BLOCK 9; LOT 1 & 2
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Citiwide Alliance Realty
(214) 326-0399
Listed By:
Jamie Wooley · License #0645307
(214) 524-3500
Added: Jan 28
Changed: Aug 20
Last Checked: Sep 1 at 11:06AM
MLS# 21152834
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This land offering is presented as a rare, turnkey development opportunity, with existing plans in place for 33 townhomes. The project has been developed through a team of architects, engineers, and project managers, designed to help streamline the process for a buyer looking to move forward efficiently. In addition to the townhome plans, the site is zoned for both residential (R-2) and industrial use, supporting multiple development strategies while keeping the project anchored to a housing concept.
Located at 715 N Paddock Street in Stephenville, the property is described as being less than 1 mile from Tarleton State University. It is also positioned adjacent to the newly developed Purple Rail townhomes, which can support rental demand for an operator or investor planning a long-term housing component.
The combination of existing townhome plans, flexible zoning, and proximity to a major university makes this tract particularly relevant for buyers considering student housing or other residential-focused growth. With a ready-to-go framework already established, the site may appeal to developers and investors who want to reduce upfront planning time while retaining the option to evaluate alternative uses consistent with the R-2 and industrial zoning parameters.
Located at 715 N Paddock Street in Stephenville, the property is described as being less than 1 mile from Tarleton State University. It is also positioned adjacent to the newly developed Purple Rail townhomes, which can support rental demand for an operator or investor planning a long-term housing component.
The combination of existing townhome plans, flexible zoning, and proximity to a major university makes this tract particularly relevant for buyers considering student housing or other residential-focused growth. With a ready-to-go framework already established, the site may appeal to developers and investors who want to reduce upfront planning time while retaining the option to evaluate alternative uses consistent with the R-2 and industrial zoning parameters.
Key Highlights
- Plans for 33 townhome units included with the property
- Zoned R‑2 and for industrial use, offering flexibility for multiple development strategies
- Water service: public; sewer service: public sewer
Property Analytics
Property Profile
Current Use
Lease Details
33
Residential units
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
Explore this area
Business Placement
Demographics for 76401, TX
30,144
Population
13,826
Households
2.2
Avg Household Size
30
Median Age
35%
College-Educated
90%
High-School Grad
411.3 sq mi
ZIP Area
73
Density / Sq Mi
$60,864
Median Household Income
$31,925
Median Earnings
$1,136
Median Rent
$252,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Turnkey land with existing plans for 33 townhomes near Tarleton State University, offering housing-focused development flexibility.
Where is this residential land & home lot located?
The property is located at 715 N Paddock Street Stephenville, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Plans for 33 townhome units included with the property; Zoned R‑2 and for industrial use, offering flexibility for multiple development strategies; Water service: public; sewer service: public sewer
