Over 159 acres of ag exempt land in Alvarado, offering an opportunity to own a substantial tract in a growing area of Johnson County. Located near Keene Industrial Park and existing industrial development, this property offers potential for a variety of uses, including industrial, commercial, agricultural, residential, recreational, or long-term investment purposes. Situated outside city limits, the land is unzoned with no known restrictions, providing flexibility for buyers exploring future possibilities. The property features a combination of open pastures, scattered trees, wooded areas, varied terrain, perimeter fencing, and four stock tanks currently used for watering cattle. With a mix of cleared and natural areas, the acreage offers opportunities for continued ranching and agricultural operations, outdoor recreation, or future development. Convenient access to US Highway 67 and I-35W adds to the property's appeal and connection to surrounding communities. Bethany Co-op is the available water provider. Buyer to purchase new survey. Seller to retain mineral rights. After closing, seller will repair the existing dirt road from County Road 317 to the railroad tracks to access the property.
Lot/land
$1,995,000
5517 Fm 3136, Alvarado, TX 76009
--beds
--baths
159.7Acres
Unimproved Land
Built in ----
159.7 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Scattered treesWooded areasCombination of open pasturesPerimeter fencingVaried terrain
- 1 day
- 38
- 0
Zillow last checked:
Listing updated:
Listed by:
Donna Swanzy 0668210 817-731-8667,
CENTURY 21 Judge Fite Co. 817-731-8667
Source: NTREIS,MLS#: 21426712
Facts & features
Interior
Video & virtual tour
Property
Features
- Fencing: Barbed Wire,Fenced,Perimeter
Lot
- Size: 159.7 Acres
- Features: Acreage, Agricultural, Many Trees
- Residential vegetation: Brush
Details
- Parcel number: 126057500070
- On leased land: Yes
- Zoning description: Unzoned
- Horses can be raised: Yes
Utilities & green energy
- Utilities for property: None
Community & HOA
Community
- Subdivision: W T Mc Millon
HOA
- Has HOA: No
Location
- Region: Alvarado
Financial & listing details
- Annual tax amount: $276
- Date on market: 11/10/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/10/2026 | Listed for sale | $1,995,000 |
Source: NTREIS #21426712 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 76009
Nearby schools
Schools provided by the listing agent
- Elementary: Alvarado N
- Middle: Alvarado
- High: Alvarado
- District: Alvarado ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




