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Multi-Family

Stephenville Multifamily Site

Co Rd 256, Stephenville, TX 76401

Listing Price: Request For Offer

Lot Size
25.00 acres
Land Type
Land

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present the exclusive offering of the Stephenville Multifamily and BTR Site. The property has received a zoning resolution from the City of Stephenville in favor of 24 units per acre allowing for multifamily and other build for rents residential projects. Located within an Opportunity Zone, there are potentially additional development assistance through a TIRZ. City water lines run along the northern and eastern boundary with the sewer only ninety feet from the northeast corner. The existing County Road 256 runs east and west along the sites southern border allowing for access to the development site without additional infrastructure needed. The City’s plan for the extension on Harbin and Lockhart Roads will create quicker access to Highway 377, Tarleton State University, restaurants, and major retailers. Stephenville, known as the “Cowboy Capital of the World” and the “City of Champions”, is located one hour from the Dallas/Fort Worth Metroplex, one and half hours from Waco and two hours from Austin. Stephenville is the home to Tarleton State University and offers each student a traditional college experience. Tarleton offers students on-campus living options but is relying on off-campus options due to the student population expected growth after the University reclassified as a NCAA Division 1 program. The student population is expected to double by 2030. There are currently 26 developments underway in Stephenville and the City is counting on developers to respond to the community needs of commercial and residential developments. The Stephenville Multifamily and BTR Site development is positioned to provide developers with the grandest opportunity offered in Stephenville, Texas.

Investment Highlights

  • City of Stephenville fast track approval process
  • Priced for early stage developer profits
  • Tarleton State student population will boost tenancy at the site
  • Site will be a part of masterplan residential development with park and trail amenities
  • Site can be development with a mix of townhomes, single family for rent and apartments
  • Located in high growth development area with national retailers and restaurants moving in
  • Located within 1-mile from H.E.B and 1.5 miles from Walmart with Harbin Drive Extension
  • Stephenville population has grown 37.1 percent since 2000

Exclusively Listed By

Multi-Family

Stephenville Multifamily Site

Listing Price: Request For Offer

Lot Size
25.00 acres
Land Type
Land

Investment Highlights

  • City of Stephenville fast track approval process
  • Priced for early stage developer profits
  • Tarleton State student population will boost tenancy at the site
  • Site will be a part of masterplan residential development with park and trail amenities
  • Site can be development with a mix of townhomes, single family for rent and apartments
  • Located in high growth development area with national retailers and restaurants moving in
  • Located within 1-mile from H.E.B and 1.5 miles from Walmart with Harbin Drive Extension
  • Stephenville population has grown 37.1 percent since 2000

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present the exclusive offering of the Stephenville Multifamily and BTR Site. The property has received a zoning resolution from the City of Stephenville in favor of 24 units per acre allowing for multifamily and other build for rents residential projects. Located within an Opportunity Zone, there are potentially additional development assistance through a TIRZ. City water lines run along the northern and eastern boundary with the sewer only ninety feet from the northeast corner. The existing County Road 256 runs east and west along the sites southern border allowing for access to the development site without additional infrastructure needed. The City’s plan for the extension on Harbin and Lockhart Roads will create quicker access to Highway 377, Tarleton State University, restaurants, and major retailers. Stephenville, known as the “Cowboy Capital of the World” and the “City of Champions”, is located one hour from the Dallas/Fort Worth Metroplex, one and half hours from Waco and two hours from Austin. Stephenville is the home to Tarleton State University and offers each student a traditional college experience. Tarleton offers students on-campus living options but is relying on off-campus options due to the student population expected growth after the University reclassified as a NCAA Division 1 program. The student population is expected to double by 2030. There are currently 26 developments underway in Stephenville and the City is counting on developers to respond to the community needs of commercial and residential developments. The Stephenville Multifamily and BTR Site development is positioned to provide developers with the grandest opportunity offered in Stephenville, Texas.

Exclusively Listed By

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