730 S Cherry LaneWhite Settlement, TX 76108

Description

This development opportunity in White Settlement presents a compelling prospect for investors and developers. Owned by the city's Economic Development Corporation (EDC), the site benefits from existing utility infrastructure and a strategic location near major employers like Lockheed Martin and downtown Fort Worth. The City of White Settlement envisions this parcel as a vibrant mixed-use development, combining retail spaces on the ground floor with residential units above. This concept aligns with the city's 2040 Comprehensive Plan, which emphasizes revitalizing commercial corridors and promoting mixed-use developments to enhance community engagement and economic growth. While the property has existing water and sewer lines, these systems are over 30 years old and may require modernization to meet current standards. Previously zoned for residential use, any shift back to residential or mixed-use zoning would necessitate approval from the Planning & Zoning Board and a re-platting process. There is a notable demand in the area for multi-tenant retail spaces and neighborhood grocery stores. For interested developers: Engage with the EDC, Consult Planning & Zoning: Review zoning requirements and begin the re-platting process if necessary. Assess Infrastructure Needs: Evaluate the existing utilities and plan for necessary upgrades. This opportunity offers a chance to contribute to the growth and revitalization of White Settlement, aligning with the city's vision for a dynamic, mixed-use community hub.

Property Information

Property type

Land

Sub-type

Unimproved Land

Lot size

3.12 acres

Days on market

478

MLS^® Listing#

20969744

Property Features

Sewer

Public Sewer

Water source

Public

Parcel number

43209681

Schools

Elementary

West

Middle

Brewer

High

Brewer

District

White Settlement ISD

Directions

I30 exit Cherry Lane and go North. Property on left hand side past Brewer Middle School