1311 Waterman Street, Fort Worth, TX

About 1311 Waterman Street

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.

Listing Map