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    2870 Washington St Stephenville, TX 76401

    For Sale
    $13,500,000

    20 Acres, High-Traffic Location, Investment Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional 20+ acre commercial property presents a rare investment opportunity in the thriving city of Stephenville, Texas. Strategically located just off the main thoroughfare, this expansive parcel enjoys unparalleled visibility and accessibility. Its prime location places it in close proximity to a vibrant mix of established businesses and national retailers, ensuring high traffic flow and significant potential for development. The surrounding area boasts a diverse range of amenities, including hotels, restaurants, and a major shopping center. Nearby establishments include Walmart, McDonald's, Starbucks, PastaFina, Bosque Shopping Center, Cotton Patch Cafe, Chicken Express, Chili's Grill & Bar, Burkes Outlet, Staples, Bealls, Tractor Supply, La Quinta Inn & Suites, and The Shops at Stephenville Place. This advantageous positioning offers immediate access to a substantial customer base and significant potential for future growth. The property's size and location make it ideal for a wide variety of commercial developments, from retail centers and restaurants to office buildings and other mixed-use projects. This is a unique chance to acquire a substantial piece of prime commercial real estate in a rapidly growing Texas market. The asking price is $13,500,000. Serious inquiries only.

    Property Features for 2870 Washington St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    871,200 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.24075
    Latitude
    32.19995

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    FAQs

    What type of property is this?
    Commercial real estate - 20 Acres, High-Traffic Location, Investment Opportunity
    Where is this commercial real estate located?
    The property is located at 2870 Washington St Stephenville, TX.
    What is the asking price?
    The asking price for this property is $13,500,000.
    Request Owner's contact information
    2870 Washington St Stephenville, TX 76401
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    Stephenville, TX 76401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2870 Washington St Stephenville, TX 76401
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