Prime 1-Acre Commercial or Residential property with Renovation Ready Home in the heart of Texas sitting on a prominent corner of Hwy 45, offering High Visibility at the gateway to charming Richland Springs. This property offers boundless potential for residential, commercial or mixed use development. Existing home needs renovation with potential 2 bed 1 bath home or business office. Large garden ideal for landscaping, outdoor seating or event space. Two outbuildings currently used as workshops- easily convert to garage, storage or barn. Ideal for Commercial retail, event space or garden center. Current highway expansion planned from Brownwood to Richland Springs to improve regional access and increase traffic flow. A new railroad revival is underway, as well as, new down town revitalization for Richland Springs who is actively working with state and local agencies. Richland Springs has a new boutique, a garden center, corner gas station, diner, feed store, RV lots, a brand new large events center, local Airbnb accommodations and annual events including one of the largest trade days in Texas every April. Come be part of the future of Charming Richland Springs.