0 St Hwy 198 Hwy Canton, TX 75103

Listing Agency TX Lake & Land Real Estate

Listed by Courtney Dickens Johnson

Source Elliman

Added: Nov 28, 2025 Checked: Jul 17 at 3:34 am

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Investment Insights

Based on property information with market context.

Available for purchase is a 51.73-acre agricultural-exempt property in Phalba, Van Zandt County. The land, currently utilized for hay production and crops, is primarily pasture acreage with a mix of hardwoods. The property has been owned since December 1925 and is being offered for sale for the first time in nearly 100 years. Located an hour's drive from downtown Dallas, the gently sloped land is situated between Mabank and Canton, approximately 10 minutes from Mabank and 13 minutes from Canton. The property has no known restrictions, offering potential for various uses. There is potential for subdividing the property into two tracts: Tract 1, north of Hwy. 198, encompasses 35.17 acres, while Tract 2, south of Hwy. 198, comprises 16.56 acres.

Key Highlights

• 51.73 ag exempt acres
• One hour drive from downtown Dallas
• No known restrictions

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FAQs

What type of property is this?

Agricultural land / Farmland - 51.73 acres in Van Zandt County, one hour from Dallas.

Where is this agricultural land / farmland located?

The property is located at 0 St Hwy 198 Hwy Canton, TX.

What is the asking price?

The asking price for this property is $1,095,000.

What are key features of this property?

This property features: 51.73 ag exempt acres; One hour drive from downtown Dallas; No known restrictions