601 Alexander Road

Stephenville, Texas 76401

  • 0 Sqft
  • 4.201
    Acres(Lot)
$1,600,000

Description

Stephenville, known as the 'cowboy capital of the world', has become a very popular 'hot spot' where everyone wants to live. investors should seize this 'once-in-a-lifetime' opportunity to purchase the only substantial parcel of land available, zoned r3 multi-family, conveniently located on the same block as the city park and within a mile of one of texas' fastest-growing universities, tarleton state university—a member of the texas a&m university system—that has recently broadened its campus in fort worth. this expansion has created a surge in population growth in the college town, along with a major housing shortage and surge in rental prices as new students, faculty, and staff annually seek housing. tarleton state has recorded unprecedented enrollment growth for five consecutive years, reaching around 18,000 students in fall 2024, marking a 45% increase since 2019. a u.s. census indicates that approximately 54% of stephenville's population are renters, facing a high vacancy rate. for investors, this translates to potential cash flow! also, within walking distance lies the quaint town square, that features the courthouse built in 1892, historical buildings, diverse businesses, restaurants, cafes, boutiques, shops, museums, and historical sites. the bosque river trail, a trail for walking, hiking, and biking, follows the north bank of the bosque river. spanning approximately 1.5 miles, it links the downtown to the city park. the property spans 4.201 acres, comprising two parcels with 484 feet of frontage on alexander road. its topography is level to gently rolling, dotted with mature oak trees, making it ideal for various residential developments in a parklike environment with bosque river views, and convenient access to the city park and trails. developers have a unique chance to capitalize on an incredible location with a broad tenant base, and a city experiencing a surge in housing demand, all at an exceptionally competitive price.

  • Property Type

    Land
  • County

    Erath
  • Style

    Land
  • AD ID

    47860240

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Property Details

  • Utilities

    • All Weather Road,Asphalt,Cable Available,City Sewer,City Water,Co-op Electric,Curbs,Electricity Available,Electricity Connected,Sewer Available,Well
  • Building Information

    • Built Year: 1924
  • Lot Information

    • Lot Size (Acr): 4.2010
    • Lot Size Units: Acres
    • Lot Size Square Feet: 182995.5600
    • Lot Size Source: Owner
    • Lot Features: Acreage,Cleared,Few Trees,Level,Many Trees,Park View,Pasture,Rolling Slope

    Property Information

    • Property Type: Land
    • Property Sub Type: Unimproved Land
    • Subdivision: none
    • City: Stephenville
    • State: Texas
    • Directions: GPS Friendly.
    • Property Status: Active
  • Listing Price Information

    • Original List Price: $1,600,000

    Listing Information

    • Possession: Closing/Funding
  • Tax Information

    • Parcel Number: R000075696
    • Tax Legal Description: Acres 0.635, S2600 CITY ADDITION;, BLOCK 73;, LOT
  • Homeowners Association Information

    • HOA Type: None
  • School Information

    • High School: Stephenvil
    • Junior High School: Stephenvil
    • Intermediate School: Gilbert
    • School District: Stephenville ISD

    Utility Information

    • Utilities: All Weather Road,Asphalt,Cable Available,City Sewer,City Water,Co-op Electric,Curbs,Electricity Available,Electricity Connected,Sewer Available,Well
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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

BuyOwner last updated this listing 01/21/2025 @ 02:42

  • MLS: 446975348
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: NTREIS - North Texas Real Estate Information

is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 4 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Stephenville , in zip code 76401, this Erath County Land and are nearby neighborhoods.