715 N Paddock St
Stephenville, TX 76401

Rare turnkey development opportunity in a prime Stephenville location less than one mile from Tarleton State University. The property is ideally positioned to capitalize on the growing demand for student housing driven by the university’s continued expansion and transition to Division I athletics.

The site includes existing development plans for 33 townhome units, designed by a professional team of architects, engineers, and project managers. With planning and design work already completed, investors can save significant time and expense in the development process. Located adjacent to the newly developed Purple Rail Townhomes, the property benefits from strong rental demand history and ongoing residential development in the surrounding area.

Zoned R-2 Residential and Industrial, the site offers flexibility for multiple development strategies beyond the proposed townhome project, allowing investors to adapt the property to evolving market opportunities.