2.421-Acre Development Opportunity | Fort Worth, TX
5008 Collett Little Rd offers approximately 2.421 acres of development land in Fort Worth with convenient access to Mansfield Highway / Business 287, I-820 and I-20.
The property is currently identified as E Neighborhood Commercial, allowing a variety of neighborhood commercial uses including retail, restaurants, offices, banks and service-oriented businesses. The zoning provides flexibility for investors and developers evaluating commercial concepts for the site.
Recent changes under Texas Senate Bill 840 may also create additional opportunities for qualifying multifamily and mixed-use residential development on commercially zoned property. Fort Worth has identified E Neighborhood Commercial among the zoning districts where qualifying multifamily and mixed-use residential projects may be permitted by right without requiring traditional rezoning solely to establish the residential use.
This opens the property to consideration for a broader range of potential development concepts, including:
• Multifamily / apartment development
• Mixed-use residential and commercial
• Retail or neighborhood commercial
• Office and professional uses
• Restaurant and service-oriented development
• Other qualifying development concepts
The property's multifamily potential has previously been evaluated. A prior City of Fort Worth zoning application associated with the site contemplated the Lofts at Redwood, a multifamily development of up to approximately 88 residential units.
With changes in Texas land-use law since that proposal, the property may warrant a fresh evaluation by multifamily developers, commercial investors and land buyers looking for an infill opportunity in the Fort Worth market.
The surrounding area includes a mix of established residential neighborhoods, apartments, retail, commercial businesses and other development. Water and electric service are available in the area, providing additional development potential subject to buyer verification.
Property Highlights:
• Approximately 2.421 acres
• E Neighborhood Commercial zoning
• Multifamily / mixed-use potential under current Texas law
• Prior multifamily development consideration
• Retail, office, restaurant and commercial-use potential
• Near I-20, I-820 and Business 287 / Mansfield Highway
• Established surrounding residential and commercial development
• Development and zoning information available upon request
An excellent opportunity for a buyer seeking a flexible Fort Worth site with both commercial use options and potential residential development upside.
Buyer and buyer's representatives should independently verify zoning, SB 840 applicability, permitted uses, density, utilities, wastewater capacity, access, drainage, platting and all development requirements with the City of Fort Worth and appropriate authorities.
David Kuchurivskyy
JP and Associates Commercial
