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Investment Highlights

  • 26 acres with direct US Highway 377 frontage
  • Minutes from Tarleton State University and growing medical district
  • B-2 zoning with all utilities available — shovel-ready
  • Seller will subdivide — flexible parcels available

Executive Summary

3050 W Washington/Highway 377 presents a premier commercial development opportunity on 26 acres in one of the most rapidly growing corridors in Stephenville, Texas. Positioned directly on US Highway 377 — one of the region's highest-traffic arterials — this property offers exceptional visibility and frontage for a wide range of commercial, retail, medical, hospitality, or mixed-use development concepts.
The site benefits from B-2 commercial zoning, providing flexibility for a variety of permitted uses without the need for rezoning. Utilities including water, sewer, and electricity are available, making this a shovel-ready development opportunity. The 26-acre footprint provides the scale needed for a master-planned commercial project, multi-pad retail center, medical campus, or large single-user facility.
Stephenville serves as the economic hub of Erath County and is home to Tarleton State University, a rapidly expanding institution within the Texas A&M University System. The university's continued growth — including new academic buildings, student housing, and athletic facilities — is driving sustained population increases and creating strong demand for retail, dining, services, and healthcare in the surrounding market. The city also benefits from a growing healthcare presence, a diversified agricultural economy, and its role as the regional service center for a broad rural trade area.
Highway 377 connects Stephenville to the DFW Metroplex, providing a direct corridor to one of the nation's largest and fastest-growing metropolitan areas. The surrounding area has seen significant recent development including new residential subdivisions, national retailers, and commercial construction — all indicators of a market with strong momentum and long-term upside.
The seller is motivated and will consider offers on individual parcels or the entire tract. This is a rare opportunity to acquire a large-scale, highway-frontage commercial site in a market with limited competitive supply and strong underlying demand fundamentals.

Property Facts

Price $4,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Retail
  • Office
  • Hospitality
  • Apartment Units
  • Bank
  • Carwash
  • Community Center
  • Convenience Store
  • Fast Food
  • Healthcare
  • Hotel
  • Medical
  • Motel
  • Restaurant
  • Schools
  • Strip Center
  • Supermarket
  • Winery or Vineyard
Total Lot Size 26.00 AC
Zoning B-2 - B-2

1 Lot Available

Lot

Price $4,000,000
Price Per AC $153,846.15
Lot Size 26.00 AC

26 acres of B-2 commercial land on US Hwy 377 in Stephenville, TX. Exceptional visibility, all utilities available. Ideal for retail, medical, hospitality, or mixed-use development. Seller will subdivide.

Property Taxes

Property Taxes

Parcel Number
R000044948
Land Assessment
$1,383,210
Improvements Assessment
$0
Total Assessment
$1,383,210
  • Listing ID: 37335983

  • Date on Market: 8/19/2025

  • Last Updated:

  • Address: 3050 W Washington St, Stephenville, TX 76401

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