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.
Commercial Business or Personal Shop Located in the Heart of Lipan!!! Great Two Bay 30x40 Insulated and Slabbed Metal Shop Building with 1 BR Apartment or Office Space, with Mini-Splits, Full Bath, Kitchenette and Overhead Storage Space. Also features a Recently Built 32x40 Metal RV or Equipment Shed equipped with Water, Lights and Electric Service. Property is approximately 0.4 acres with all utilities and High Speed Internet. Commercial Property is very limited in Lipan area so don't miss this Opportunity!!!

Lipan is located in Texas. Lipan, Texas has a population of 475. Lipan is more family-centric than the surrounding county with 55.66% of the households containing married families with children. The county average for households married with children is 29.78%.
The median household income in Lipan, Texas is $57,083. The median household income for the surrounding county is $75,851 compared to the national median of $69,021. The median age of people living in Lipan is 34.8 years.
The average high temperature in July is 95.7 degrees, with an average low temperature in January of 30.9 degrees. The average rainfall is approximately 32.1 inches per year, with 0.7 inches of snow per year.