Multifamily Development Land in Fort
For Sale
$3,400,000
9700 Race Street, Fort Worth, TX 76140
27-acre multifamily development tract in a high-growth Fort Worth area.
Property Size27 SF
Price / SF$125,925
Days on Market248
Property Features for 9700 Race Street
General Information
Standard status
Active
Size
27 SF
Property subtype
Land
Listing Agency:
Coldwell Banker Realty
(817) 308-2592
Listed By:
Greg Cagle · License #253535
(817) 308-2592
Source:
Cbcworldwide
Added: Dec 3, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 27-acre multifamily tract is located in a growing area of Fort Worth, Texas. Zoned for 24 units per acre, the property offers approximately 12.5 buildable acres, accommodating around 290 doors. It is positioned as Phase 2 of a larger tract, with Phase 1 featuring 96 units that have experienced high occupancy rates and waiting lists. A 122-acre new home development is situated adjacent to the property. The location provides convenient access to I-35W and I-20, and schools are in close proximity, including a high school directly across the street. The property is located in a high-growth commercial area of Fort Worth, approximately 15 minutes from downtown via I-35S, and 11 miles to downtown Fort Worth via I-35W. The adjacent 96-unit complex typically maintains an occupancy rate between 97% and 100%. Furthermore, 600 new homes are under construction on the adjacent property, indicating substantial residential development in the immediate vicinity. The property is suitable for multifamily development.
Key Highlights
- High multi‑family demand in a growing Fort Worth commercial area.
- Zoned for 24 units/acre, allowing for approximately 290 doors on 12.5 buildable acres.
- Adjacent to a 96‑door multi‑family complex with high occupancy rates (97‑100%).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
Business Placement
Demographics for 76140, TX
32,623
Population
10,705
Households
3
Avg Household Size
32
Median Age
18%
College-Educated
79%
High-School Grad
27.3 sq mi
ZIP Area
1,195
Density / Sq Mi
$73,215
Median Household Income
$37,780
Median Earnings
$1,590
Median Rent
$207,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 27-acre multifamily development tract in a high-growth Fort Worth area.
Where is this land located?
The property is located at 9700 Race Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: High multi‑family demand in a growing Fort Worth commercial area.; Zoned for 24 units/acre, allowing for approximately 290 doors on 12.5 buildable acres.; Adjacent to a 96‑door multi‑family complex with high occupancy rates (97‑100%).
