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1290 Hyman st
Stephenville, TX 76401
Land For Sale
·
1.10 AC
Investment Highlights
- Combined 1.1-acre corner lot zoned R-3 Multi-Family.
- Convenient access to city park, trails, local shops, and dining options.
- Located three minutes from Tarleton State University, a significant housing demand generator.
Executive Summary
This 1.1-acre corner site on W Hyman Street in Stephenville, Texas, presents an exceptional opportunity for residential or mixed-use development. Zoned R-3 Multi-Family, the property accommodates a range of high-density residential uses, making it particularly attractive for developers focused on rental housing, student accommodations, or townhome projects.
The site enjoys a central location just three minutes from Tarleton State University, providing a built-in demand driver for multifamily housing. Its proximity to local shopping, restaurants, the city park, and nearby hike and bike trails enhances long-term tenant appeal and resident lifestyle convenience. In-town land of this size and zoning is limited, bolstering the property’s value proposition for future growth-minded investors or builders looking to establish a stronghold in Erath County’s steadily expanding market.
With easy access to Stephenville’s major thoroughfares and connected community amenities, this property combines favorable zoning, location advantages, and strong underlying demand fundamentals in a single, readily developable site.
The site enjoys a central location just three minutes from Tarleton State University, providing a built-in demand driver for multifamily housing. Its proximity to local shopping, restaurants, the city park, and nearby hike and bike trails enhances long-term tenant appeal and resident lifestyle convenience. In-town land of this size and zoning is limited, bolstering the property’s value proposition for future growth-minded investors or builders looking to establish a stronghold in Erath County’s steadily expanding market.
With easy access to Stephenville’s major thoroughfares and connected community amenities, this property combines favorable zoning, location advantages, and strong underlying demand fundamentals in a single, readily developable site.
Property Facts
1 Lot Available
Lot
| Price | $750,000 | Lot Size | 1.10 AC |
| Price Per AC | $681,818.18 |
| Price | $750,000 |
| Price Per AC | $681,818.18 |
| Lot Size | 1.10 AC |
ATTENTION DEVELOPERS! This combined 1.1 acre CORNER lot zoned R-3 Multi Family is perfect for development. It is just 3 minutes to Tarleton State University and also just minutes to the city park, hike & bike trail as well as the local shops and rest
Description
The property at 1290 W Hyman Street in Stephenville, TX consists of a 1.1-acre vacant lot zoned R-3 Multi-Family. It includes frontage along W Hyman Street and is located within close proximity to Tarleton State University, city recreational amenities, and retail and dining establishments. The parcel is situated inside city limits and benefits from nearby road infrastructure supporting local connectivity.
Property Taxes
| Parcel Number | R000033798 | Improvements Assessment | $0 |
| Land Assessment | $80,000 | Total Assessment | $80,000 |
Property Taxes
Parcel Number
R000033798
Land Assessment
$80,000
Improvements Assessment
$0
Total Assessment
$80,000
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