20531 S Farm-Market 4
Lipan, TX, 76462
$
544,995
Bedrooms--
Baths--
Monthly Estimate*
$
3,356
for $544,995. This building was built in 2012 on a lot size of 3.44.
Multi-Use Investment Opportunity with Multiple Income Streams!
Positioned on 3.44 well-maintained acres just outside the city limits in the highly desirable Santo area, this versatile property offers exceptional potential for investors, entrepreneurs, or those seeking a live-work setup. With multiple residential units, guest accommodations, and a large insulated shop with office space, the property is well-suited for a variety of income-producing uses. The primary residence spans approximately 1,991 square feet and includes two bedrooms, two bathrooms, a spacious living area, utility room, and a large game room, along with a covered carport and patio. This structure could serve as a primary residence, long-term rental, or short-term rental unit. A second residence totaling approximately 840 square feet features two bedrooms, one bathroom, a full kitchen, living room, utility room, outdoor shower, and covered porches. This home provides additional rental income potential or housing for employees, extended family, or guests. An additional 144-square-foot cottage offers flexible use as a guest suite, office space, studio, or additional short-term rental. Supporting the property is a 30×40 foam-insulated shop complete with a 20×15 office and bathroom, making it ideal for a variety of business operations, workshop space, storage, or commercial service use. Utilities include co-op water servicing one residence and a private water well servicing the second residence, enhancing operational flexibility. Conveniently located between Stephenville, Granbury, Mineral Wells, and Gordon, the property offers strong regional accessibility while maintaining a rural setting ideal for residential rental, short-term lodging, home-based businesses, or mixed-use investment. This unique property provides multiple structures and diverse revenue opportunities in a growing North Texas market.
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Features
General
Heating
Central
Electric
Cooling
Ceiling Fan(s)
Central Air
Wall Unit(s)
Utilities
All Weather Road
Co-op Electric
Co-op Water
Electricity Connected
Individual Gas Meter
Individual Water Meter
Outside City Limits
Septic
Well
Ceiling Height
Other
Possession
Closing/Funding
Roof
Metal
Year Built
2012
Business Type
Agriculture
Auto Body
Auto Dealer
Auto Glass
Auto Parts
Auto Rent/Lease
Auto Repair-Specialty
Auto Service
Auto Stereo/Alarm
Auto Tires
Property Subtype
Office
Subdivision Name
none
Occupant Type
Owner
County
Palo Pinto
Property Type
Commercial Sale
Construction Materials
Steel Siding
Year Built Details
Preowned
Special Notes
Aerial Photo
Survey Available
Other
Status
Active
Directions
From I-20 take US 281 South to FM 4
turn right on FM 4 and property is approximately 2.7 miles on the right. GPS friendly. SOP
City
Lipan
Standard Status
Active
Listing Terms
1031 Exchange
Cash
Conventional
FHA
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Exterior
Waterfront
0
Lot Features
Acreage
Agricultural
Hilly
Lrg. Backyard Grass
Many Trees
Tank/ Pond
Lot Size Source
Public Records
Parking Features
Attached Carport
Covered
Driveway
Electric Gate
RV Access/Parking
Secured
Lot Size
3 to < 5 Acres
Foundation
Slab
Building Area Total
4031.00
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Interior
Flooring
Concrete
Laminate
Total Stories
1
Total Units
4
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* Excluded Features
List By
Levi Gutierrez
Listing Agent
Maverick Land Group, Llc
Broker
Affordability Calculator
- Monthly Principal & Interest
- $3,356
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Commerical listings in Lipan, TX
Average List Price
$318,298
Percent of Sale Price
42%
About Lipan, TX
405
Population
27%
Since 2002
$
54,423
Median Income
44.45
Median Age
27%
Households with Children
Trends Information provided by ATTOM Data Solutions.
288163
Elementary School
288375
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
3/16/2026
|
$544,995
|
|
Listed Price
|