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Vista West Ii +389 Acres for Sale 11500 Old Weatherford Road | Fort Worth, Tx 820

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Vista West Ii +389 Acres for Sale 11500 Old Weatherford Road | Fort Worth, Tx 820 RESIDENTIAL DEVELOPMENT OPPORTUNITY VISTA WEST II +389 ACRES FOR SALE 11500 OLD WEATHERFORD ROAD | FORT WORTH, TX 820 30 INVESTMENT CONTACTS CUSHMAN & WAKEFIELD CHRIS HARDEN Director +1 972 663 9680 [email protected] RYAN DUFFIE Associate +1 972 663 9708 [email protected] ROGER SHAFER Financial Analyst +1 972 663 9709 [email protected] TABLE OF SECTION O1 CONTENTS 03 | EXECUTIVE SUMMARY SECTION O2 05 | PROPERTY OVERVIEW SECTION O3 09 | MARKET ANALYSIS CUSHMAN & WAKEFIELD 2021 McKinney Avenue Suite 900 Dallas, TX 75201 Cushman & Wakefield | 2 EXECUTIVE SUMMARY Cushman & Wakefield has been exclusively retained to execute the sale of the Vista West II property (the “Property”) located in Fort Worth, Texas. The Property, conveniently located just 12 miles from downtown Fort Worth, consists of ±389 acres of residentially zoned land with full access to utilities and road infrastructure. The nearby area has recently seen a fury of new housing developments thereby creating a scarcity of large, zoned, undeveloped tracts of land currently available while simultaneously placing the Property in the path of growth. With home prices and population growth in DFW at historically high levels, the Property provides the ability to deliver workforce housing to major nearby employers like Lockheed Martin, Fort Worth Naval Air Station and Fort Worth ISD. Located less than 2 miles from Interstate 30 and Interstate 820, the Property also provides easy access to major thoroughfares connecting to major employment hubs, restaurants, retail, entertainment and sporting venues. The Vista West II property affords developers the rare opportunity to acquire a large, residentially zoned tract of land located in one of the fastest growing areas for new housing development within the Dallas-Fort Worth MSA. PROPERTY SUMMARY 820 Land Area: ± 389.94 Acres Interest: Fee Simple Surface Rights 30 Debt: Free & Clear Existing Zoning: R1 - Zero Lot Line / Cluster A-5 - One-Family C - Medium Density Multifamily CF - Community Facilities E - Neighborhood Commercial Utilities: All available to site Frontage: 5,061 feet on Old Weatherford Road Floodplain: Zone A, Areas determined to be inside the 100-year floodplain Asking Price: $10,000,000 Cushman & Wakefield | 3 INVESTMENT HIGHLIGHTS RESIDENTIAL ZONING The Property provides developers with a variety of residential zoning uses ranging from single family dwellings to high density multi-family. PATH OF GROWTH The Dallas-Fort Worth MSA led the nation in population growth in 2017 adding more than 400 new residents per day. The city of Fort Worth has seen tremendous growth with a current population of 850,000 and experts estimating that number to reach 1.5 million by 2040. This rapidly growing submarket has seen several new housing developments recently as more and more residents look for affordable housing options. In 2017, Fort Worth was named the 5th Best Large City for First-Time Home Buyers by WalletHub and one of the nation’s Top 20 Best Places to Live by U.S. News and World Report. NEARBY EMPLOYMENT Fort Worth is a major employment and medical destination for the area with large companies such as American Airlines, Pier 1 Imports, Lockheed Martin Aeronautics and JPS Health Network with headquarters here. Additionally, the Property is in close proximity to the Fort Worth Naval Air Station (11,400 employees) and Fort Worth ISD (10,100 employees) allowing developers to deliver workforce housing. ACCESS TO UTILITIES & INFRASTRUCTURE The Property has full access to utilities and road infrastructure thereby reducing the cost to developers and investors. OUTSTANDING ACCESSIBILITY AND CONNECTIVITY Located less than 2 miles from Interstate 30 and Interstate 820, the Property also provides easy access to major thoroughfares connecting to major employment hubs, restaurants, retail, entertainment and sporting venues such as The Fort Worth Stockyards, Texas Motor Speedway, Bass Performance Hall, Kimball Art Museum, Fort Worth Zoo, Sundance Square, and the Botanic Gardens. Cushman & Wakefield | 4 N LOCATION DENTON MAP 35E OAK POINT LITTLE ELM 35W FRISCO FAIRVIEW CORINTH E K A E L L ARGYLE L ALLEN I E V K N S A COPPER CANYON I LUCAS L O W V E BARTONVILLE L NORTHLAKE A 35E PARKER L PLANO FLOWER MOUND LEWISVILLE WYLIE G R A 35W P E V I N E L A K E CARROLLTON RICHARDSON SACHSE PECAN ACRES HASLET SOUTHLAKE KELLER DFW D FARMERS BRANCH R E INTERNATIONAL A ROWLETT A G B L AIRPORT E GARLAND B M ROCKWALL U O U BUS H N T COLLEYVILLE 35E Y A I N L A K E A R NORTH E SAGINAW RICHLAND HILLS IRVING K HEATH EULESS A BEDFORD L HURST SUNNYVALE LAKE WORTH HALTOM CITY 35W MESQUITE WHITE SETTLEMENT DALLAS FORNEY GRAND PRAIRIE N I E FORT WORTH A K 35E T N A U L K O E BALCH SPRINGS M E R N C O T G IN L R ARLINGTON A E K Vista West II A L BENBROOK SEAGOVILLE DUNCANVILLE E KENNEDALE K E A L K K O EVERMAN A O R L B N E B L O O LANCASTER P DESOTO 35W E RENDON O J 35E Cushman & Wakefield | 5 N LOCATION EAGLE MAP MOUNTAIN LAKE 14 MILES 17 MILES 13 MILES LAKE WORTH 5 MILES 13 MILES Vista West II 11 MILES 10 MILES DOWNTOWN FORT WORTH 11 MILES 11 MILES 6 MILES LAKE ARLINGTON 10 MILES 11 MILES BENBROOK LAKE Cushman & Wakefield | 6 Downtown Fort Worth 12 Miles N LOCATION MAP 30 Lockheed Martin Lake Worth 5 Miles 8 Miles 820 820 30 Chapel Creek Blvd Old Weatherford Rd. Direct access to I-30 via Chapel Creek Blvd. with dedicated exit/access ramp. (Only 1.3 Miles from property) Cushman & Wakefield | 7 N LOCATION Eagle Mountain Lake MAP Lake Worth Cushman & Wakefield | 8 8 8 8 0 8 82 R2 8 5 4 0 7 8 7 0 0 1 0 0 6 0 8 8 0 86 0 0 SITE 8 8 0 3 0 Legend 3 7 0 4 8 5 0 8 8 0 0 8 2 1 0 8 85 A-5 5 8 8 0 9 9 0 0 8 Existing Ownership SURVEY 0 8 TOTAL OWNERSHIP = 8 389.94 AC 5 0 8 86 AR 0 8 87 Existing Zoning 7 0 0 A-5 100yr Floodplain “CF” Community Facilities (26.13 Acres) 8 8 4 9 6 1 0 0 0 1 0 • Public facilities including churches, govt. offices, health services, public safety, 9 9 Electric & Gas8 4Esmt 0 1 0 9 0 colleges and schools, community and group homes, and recreation facilities. 8 0 Water Esmt 91 0 0 0 8 8 2 8 “A-5” One-Family (278.08 Acres) 8 C 9 0 • One-family detached dwellings (min. lot size 5,000 sq. ft.), churches, schools, 92 0 0 880 9 A-7.5 FANDOR ST parks, etc. CR DORFAN ST HORNBY ST 50 “R1” Zero Lot Line / Cluster (44.62 Acres) 0 8 0 R CF 9 D L • One-family detached dwellings on a min. 3,000 sq. ft. lot R E D Y D V V D L A E D IVES ST B E K U N R C B E • One-family detached zero lot line dwellings on a min. 2,500 sq. ft. lot O O T Y L L G F T N E I N S ILLE DR L DEAUV A S R DEAUVILLE CIR N C A • Two-family attached zero lot line dwellings on a min. 2,500 sq. ft. lot, w/ U I B B W R F R E L E EIS R HM I D R M 8 A I N W C A maximum density of 13 dwelling units/acre C 8 8 AY E 40 L E 0 L E NOT OWNED T I L T T T EDGEWES ER V L E I U N V A-5 A U • Cluster of attached, detached, & ZLL dwellings w/ maximum density of 15 E N B A D A E 8 N L R1 D D 6 EAU 0 dwelling units/acre w/ min. 15% open space VILL T E C N IR S I WE O ST P PO C E INT • Plus all “B” uses 8 BL G 7 V A A-5 D L 0 L 0 I C V 9 8 8 A-5 C A-5 9 R 0 D “C” Medium Density Multifamily (37.44 Acres) P M L A IPA T • Multifamily dwelling units at a maximum density of 18 dwelling units / acre, N TR L R1 L O V per Sec. 6.506 of the Multifamily Unified Residential Development provisions. 8 80 0 H 85 IGHL AND RIDG “E” Neighborhood Commercial (3.67 Acres) E RD 9 0 D • All uses permitted in “ER”, plus retail sales, banks, restaurants, gasoline sales, 0 R BLU VISTA WEST II R1 E EST H ONE C R I D offices, bakeries, and Commercial alcohol sales for off premise consumption 850 L A 300.17 AC T 0 C S 89 VIS TA E and as part of food service. HEI A-5 GHT G S D BLV I D R T E A-5 E L “B” Two-Family F 0 AM 4 BLIN 8 G • One-family and two-family detached and attached dwellings (min. lot size 9 T L RL 0 L D E R 0 R 5,000 sq. ft. for two attached dwellings on a single lot R D A 8 N 8 B E 0 NOT R1 B OWNED • 7,500 sq. ft. min. lot size for two detached dwellings on a single lot) R1 VISTA WEST II • Plus all “A-5” and “AR” uses.
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