3500 Peden Road , Fort Worth, TX 76179 - Tarrant County

Property Description:

Situated just 25 minutes from Downtown Fort Worth and 45 minutes from Dallas lies the Shelton Ranch, a historic ranch that has been in the same family for multiple generations. With ample road frontage and easy access to several main thorough fairs, the property is primed for development or ready for another family to continue in a ranching tradition. This location in Tarrant County between Alliance Airport and Downtown Fort Worth is in one of the fastest growing areas of not just the state, but the entire United States, thus the uniqueness of this opportunity is incredibly rare.

Improvements:

Improvements on the property include a 5,600 /-SF main residence, a 1,300 /- SF manager’s house, and a 1,300 /- SF shop/storage building. The entire property is fenced and cross fenced. The access to the improvements is paved coming from the south side of the property on Peden Rd; however, the other roads through the property are gravel and rough-cut roads.

Location:

The property is located outside the city limits of Fort Worth, in Tarrant County, TX. The property has frontage on E. Peden Road and Tinsley Rd, just off Business 287.

Road/Frontage Access:

The property has approximately 4,317 /- feet of frontage on E. Peden Road and 4,089 /- feet of frontage on Tinsley Rd and is visible from Business 287. The existing road frontage provides excellent ingress and egress for both the north and south sides of the property.

Water:

The property is in the City of Fort Worth water district. There is a water line located on the southeast corner of the property, along Peden Rd.

As it relates to the surface water on the property, there are 7 stock tanks, varying in size, as well as a 4 /- AC lake, and frontage on both sides of Gillmore Creek. The property is just minutes away from the shores of Eagle Mountain Lake where endless recreational opportunities await.

Terrain/Topography:

The land is a nice mix of rolling grass lands and dense native tree cover. Elevation on the property ranges from approximately 890 /- feet above sea level on the far northern end of the property, to approximately 800 /- feet above sea level along the banks of the creek.

Minerals:

The mineral estate does not convey with the sale of the property.

Development Potential:

This property is prime for development. There are several residential developments existing and under construction in the immediate area. Tarrant County is an extremely active and growing market for this part of the state. This property is in Northwest ISD, which spans approximately 234 square miles, three counties, and a total of fourteen cities, towns, and communities.

Current Zoning:

Most of the property currently has an agricultural exemption in place and is classified under the Agricultural Open District with a small portion of the property (where the residence is classified under Single-Family Residential.

The City of Fort Worth includes this acreage in their Future Land Use Plan. The land use plan forecasts much of the property to be developed into Single-Family Residential, with the property at the corners of Peden Rd and Tinsley Rd to be developed at Neighborhood Commercial. Along either side of Tinsley Road, along the northwest border of the property, the land is forecasted to be developed for Mixed Use.