8540 Dixie School Road Discover the possibilities with this versatile 11.29-acre property ideally located at the corner of US Highway 82 and Dixie School Road between Saint Jo and Nocona, Texas. Offering an excellent combination of investment potential, rural charm, and future development opportunities, this property features paved road frontage on two sides, providing convenient access and outstanding visibility. The land is heavily treed, creating privacy and a beautiful natural setting, and includes a pond and a seasonal creek, adding both functionality and recreational appeal. Wildlife is abundant throughout the property, with deer, wild turkeys, hogs, and a variety of birds frequently seen, making this a great opportunity for nature lovers, hunters, or anyone wanting to enjoy the outdoors. Situated on the property is a 1946 farmhouse currently producing monthly rental income, making this an attractive opportunity for investors or buyers looking for immediate revenue. The home offers 2 bedrooms, 1 bathroom, and includes a full basement, providing additional storage or workspace possibilities. The current owner has completed some updates, including a new bathroom vanity and fixtures, installation of a tankless water heater, and replacement of several windows. Additional new windows are stored in the basement and can be installed by the future owner if desired. The home previously had central heat and air, and while the original ductwork remains in place, the property is currently heated and cooled with window units. Whether you are looking for an income-producing property, recreational acreage, a future homesite, or an investment opportunity with highway frontage, this unique property offers endless potential in a prime North Texas location.