Fort Worth Land for Sale - Southeast Ft Worth
2.421-Acre Multifamily / Mixed-Use / Commercial Development Opportunity in Fort Worth
5008 Collett Little Rd presents a well-positioned 2.421-acre development opportunity with convenient access to Mansfield Highway / Business 287, I-820 and I-20, providing connectivity throughout Fort Worth and the greater DFW market.
The property is currently identified as E Neighborhood Commercial. Fort Worth's E zoning provides flexibility for a variety of neighborhood commercial uses, including retail, restaurants, offices, banks, service-oriented businesses and other permitted uses. The City of Fort Worth zoning summary identifies a base maximum building height of 45 feet for E zoning.
NEW MULTIFAMILY / MIXED-USE POTENTIAL
Recent changes to Texas land-use law through Senate Bill 840 may significantly expand the development possibilities for qualifying commercially zoned properties. Fort Worth identifies E Neighborhood Commercial as one of the zoning classifications in which qualifying multifamily and mixed-use residential development may be allowed by right, without requiring a traditional rezoning solely to establish the residential use.
This creates an opportunity for developers and investors to evaluate the property for uses including:
• Multifamily / apartment development
• Mixed-use residential and commercial development
• Retail development
• Office / professional uses
• Restaurant and service-oriented development
• Neighborhood commercial uses
• Other qualifying residential or commercial concepts
The site's multifamily potential is not purely conceptual. The property was previously associated with a City of Fort Worth zoning application for the proposed Lofts at Redwood, which contemplated an apartment development of up to approximately 88 residential units.
Since that proposal was considered, Texas land-use law has changed, creating a reason for multifamily and mixed-use developers to reevaluate the property under today's regulatory environment.
The property is surrounded by a combination of established residential neighborhoods, apartments, commercial businesses, retail, restaurants, senior living and other development. Its proximity to several major transportation corridors provides excellent regional access while offering an infill development opportunity within the Fort Worth market.
PROPERTY HIGHLIGHTS
• Approximately 2.421 acres
• Fort Worth, Texas
• E Neighborhood Commercial zoning
• Multifamily and mixed-use development potential under current Texas law
• Previous multifamily development consideration of up to approximately 88 units
• Commercial, retail, restaurant, office and service-use potential
• Convenient access to Business 287 / Mansfield Highway
• Near I-820 and I-20
• Established surrounding residential and commercial development
• Electric and water available in the area
• Development information and prior project history available upon request
This property should be evaluated not simply as a traditional commercial lot, but as a flexible commercial, multifamily and mixed-use development opportunity benefiting from recent changes in Texas land-use law.
Additional property information, zoning materials and prior development information are available upon request.
Buyer and buyer's representatives are responsible for independently verifying all information, including current zoning, applicability of Texas SB 840 to the buyer's proposed project, permitted uses, density, building height, utilities, water and wastewater capacity, access, drainage, platting, easements, development standards and all other governmental or site-development requirements.
