Land for Sale in Stephenville, Texas

14.91 acres of land and an additional 3.56 acres that includes 282' of road frontage on Alexander Rd. ZONED R-3 MULTI-FAMILY RESIDENTIAL, which permits a variety of uses including the development of multifamily dwellings, apartments, townhomes and provides developers the rare opportunity to capitalize on this incredible location with it being just a half a mile from Tarleton University AND adjacent to the CITY PARK! This unique property features gently rolling to level ground, massive oak trees scattered throughout and borders the Bosque River. Without a doubt, this could potentially be the perfect setting for a small housing community that included nature inspired walking trails along the river or how about apartments for the equine enthusiast? There's already a roping arena in place! The possibilities are endless! Also includes a 1,600-sf main residence and several other outbuildings, including a large haybarn, horse barn, loafing sheds and pastures!