2309 W Washington St Stephenville, TX 76401
For Sale
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This exceptional 0.98-acre commercial land parcel, located at 2309 W Washington St, Stephenville, TX 76401, presents a unique investment opportunity. Zoned B-2 for retail and commercial use, this property boasts high visibility on a major Stephenville retail corridor, experiencing over 13,000 cars daily. The site offers ample frontage, ensuring easy access and excellent ingress/egress. Currently featuring a structure built in 1965, totaling 17,183 square feet, the property is ideal for redevelopment. The existing building can be demolished to accommodate new construction tailored to specific needs. This location benefits from its proximity to Tarleton State University, making it particularly attractive in the "Cowboy Capital of the World." The asking price for this fee-simple ownership opportunity is $1,000,000. The property's potential is further enhanced by its suitability for a quick-service restaurant with a drive-thru. This prime location and flexible zoning make it an exceptional investment prospect. Erath County location and zip code 76401.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.