Rare unrestricted 5.78 acres suitable for multifamily, residential, or commercial use. Develop into a small acreage luxury home subdivision or build your own dream home with no HOA hassle! This property features a blank canvas of open field with very few trees. With paved road frontage access and no flood plain, the possibilities are endless. Located right off FM 2484 near the Salado high school and Stillhouse Hollow Lake. Engineered plans for a 16 unit duplex project conveys. City water and electricity is available at the street. Septic system required. Solid land investment in a growing City off I-35! Offering several development options including a 16 unit multi family project. Utilities include: Electric is provided by Oncor. Oncor will install electric lines at their own expense.Telecom is provided by CenturyLink. Century Link will not only install fiber at their own expense, but will pay the owner a percentage of signups. Water is provided by the Salado Water Supply Company. Water is at the street--no extension is necessary. The water lines on the property must be installed at the owner's expense, as usual. There is no gas and no sewer in the area. All appliances will run on electric, and a centralized septic system must be installed for the property. Per the seller, all approvals are complete for a 16 unit duplex project except for the sanitarian plan.