5008 Collett Little Rd, Fort Worth TX 5008 Collett Little Rd Lot | Terrain commercial | 1,27 ha | À vendre | 538 163 € | Fort Worth, TX 76119

2.421-Acre Development Opportunity | Commercial + Multifamily Potential | Fort Worth, TX 5008 Collett Little Rd offers approximately 2.421 acres of cleared development land in Fort Worth with convenient access to Mansfield Highway / Business 287, I-820 and I-20. The site is positioned within an established area of residential neighborhoods, apartments, retail and commercial activity, providing strong connectivity throughout Fort Worth and the greater DFW market. The property is associated with Fort Worth E / ER Neighborhood Commercial zoning, offering potential for a variety of neighborhood commercial uses including retail, restaurants, offices, banks, professional services and other qualifying commercial concepts, subject to City requirements and buyer verification. Multifamily & Mixed-Use Development Potential Recent changes in Texas land-use law, including Senate Bill 840, have expanded potential multifamily and mixed-use residential opportunities on qualifying commercially zoned properties. Fort Worth identifies E Neighborhood Commercial and ER Neighborhood Commercial Restricted among the zoning districts where qualifying multifamily and mixed-use residential development may be permitted by right, subject to applicable statutory exceptions, development standards and City review. This may allow developers to evaluate the property for a broader range of concepts without requiring traditional rezoning solely to establish a qualifying multifamily or mixed-use residential use. Potential concepts may include: • Multifamily / apartment development • Mixed-use residential and commercial development • Retail and neighborhood commercial • Office and professional uses • Restaurant and service-oriented development • Long-term investment or land hold • Other qualifying development concepts Prior Multifamily Development Consideration The property's multifamily potential has previously been evaluated through the City of Fort Worth. A prior zoning application for the site proposed the Lofts at Redwood, a mixed-income multifamily development of up to approximately 88 residential units. That prior proposal should not be interpreted as a current development approval or entitlement; however, it demonstrates previous developer interest in the site's multifamily potential. With changes in Texas land-use law since that application, the property may warrant renewed evaluation by multifamily developers, commercial investors and land buyers seeking an infill development opportunity. Additional Assemblage Opportunity The adjoining approximately 0.72-acre parcel at 5024 Collett Little Rd, immediately east of the subject property, is also available separately for $180,000. A buyer acquiring both properties could potentially assemble approximately 3.14 total acres, providing a larger development footprint and potentially greater flexibility for site planning, access, parking, density, drainage and overall project design. The $625,000 asking price applies only to 5008 Collett Little Rd. The adjoining 5024 Collett Little Rd parcel is separately owned and offered and would require a separate purchase agreement. Availability is subject to change. Property Highlights • Approximately 2.421 acres • Cleared development site • E / ER Neighborhood Commercial area • Potential multifamily / mixed-use opportunity under current Texas law • Prior multifamily development consideration for up to approximately 88 units • Retail, office, restaurant and commercial-use potential • Public water and electric available in the area • Near I-20, I-820 and Business 287 / Mansfield Highway • Established surrounding residential and commercial development • Potential assemblage to approximately 3.14 acres with adjacent parcel • Survey and development information available upon request An attractive opportunity for a buyer seeking a flexible Fort Worth development site with traditional commercial options, potential multifamily upside and the ability to assemble additional adjoining acreage. Buyer and buyer's representatives should independently verify acreage, zoning, SB 840 applicability, statutory exceptions, permitted uses, density, building height, utilities, wastewater and sewer capacity, access, drainage, platting, easements and all development requirements with the City of Fort Worth and other appropriate authorities. No specific development, density, use, rezoning, variance or entitlement is guaranteed.