Lockhart Rd Stephenville, TX 76401
- Commercial real estate
- 3.16 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Lockhart Rd
- Lot size
- 3.16 lot acres
- Property type
- Commercial real estate
Description
This exceptional 3.16-acre commercial property presents a unique investment opportunity in Stephenville, Texas. Strategically located approximately 500 feet south of Washington Street (U.S. Hwy 377), this land enjoys high visibility in a rapidly developing commercial area. Its prime location directly behind the Holiday Inn Express and adjacent to a new construction project ensures significant future growth potential. The property offers ample space for a wide range of commercial ventures, making it ideal for developers and businesses seeking expansion. Phase one environmental studies are complete, and a survey is available, streamlining the development process. While a portion of the land falls within a designated flood plain, this factor is reflected in the negotiable pricing structure. The asking price is $675,000, and serious offers are encouraged. This is a rare chance to acquire a substantial parcel in a thriving Texas town, poised for continued commercial expansion. Don't miss this chance to secure a piece of Stephenville's future. Contact us today to learn more and schedule a site visit.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stephenville
- County
- Erath
- State
- Texas
- Longitude
- -98.2411
- Latitude
- 32.2032
