1311 Waterman Street Active Save Request In-Person Tour Request Virtual Tour
Fort Worth,TX 76102
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Fort Worth Original Town
MLS Listing ID 20923760
HOA Y/N None
Annual Tax Amount $898
Lot Size 5,009 Sqft
Acres 0.115
Property Sub-Type Unimproved Land
Property Description
Seller Finance Available. The neighboring 1305 Waterman for sale, offering an add 5,000+ square feet. Together, these two lots present a rare opportunity to build high-density multifamily in one of Fort Worth's most rapidly transforming neighborhoods.Uptown FTW—formerly known as Rock Island and part of the historic Samuels Avenue corridor—is undergoing a major redevelopment as part of the Panther Island project. The area has recently been rebranded Uptown Fort Worth on official city maps, signaling a shift toward urban revitalization and increased investor interest.This property is zoned D – High Density Multifamily, intended specifically for dense residential development. With infrastructure improvements planned for 2026 and 2027, this area is primed for significant growth. To learn more about these enhancements, search “Uptown Area Streets Project Meeting” on the City of Fort Worth's YouTube channel. A full survey (completed November 2024) and supporting documentation are available in Transaction Desk. We believe this figure accurately reflects the area's future value, especially given the development expected over the next 18 months. We are not in a rush to sell and are not entertaining offers below this target.Please note: extended option periods and delayed closings raise concerns. Based on our understanding, the city council is not considering zoning changes in this area. The current zoning already allows for high-density multifamily, and no variance is needed.If your offer structure suggests hesitation from your partner or signals a potential assignment strategy, we want to be transparent—our preference is to work with a buyer who shares our long-term vision for Uptown Fort Worth. Otherwise, we're fully prepared to develop the property ourselves once the street improvements are underway.We welcome all inquiries and appreciate your interest.
Location
State TX
County Tarrant
Zoning Purpose and intent. It is the purpose of the high density multifamily ("D") district to provide a specific zone for high density multifamily development
Direction In Uptown Fort Worth.
Exterior
Utilities Available All Weather Road,City Sewer,City Water,Concrete,Curbs
Garage No
Building
Lot Description Interior Lot,Level,Lrg. Backyard Grass,Many Trees
Schools
Elementary Schools Mg Ellis
Middle Schools Riverside
High Schools Carter Riv
School District Fort Worth Isd
Others
Restrictions Agricultural,No Divide
Ownership David Pannell & Liz Padilla
Acceptable Financing 1031 Exchange,All Inclusive Trust Deed,Assumable,Cash,Land Use Fee,Lease Option,Lease Purchase,Owner Carry Second,Owner Will Carry,Private Financing Available,Seller Equity Share,Other
Listing Terms 1031 Exchange,All Inclusive Trust Deed,Assumable,Cash,Land Use Fee,Lease Option,Lease Purchase,Owner Carry Second,Owner Will Carry,Private Financing Available,Seller Equity Share,Other
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20923760