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5115 FM 1488 Rd - 2.23 Acres Land on FM 1488, Magnolia, TX

2.23 Acres of Commercial Land Offered at $1,500,000 in Magnolia, TX 77354

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Investment Highlights

Heavy daytime vehicle traffic
Cash flow from several small buildings that can be leased or sold off

Mostly cleared lot with high visibility

Executive Summary

$15.44/PSF

Property Facts Under Contract

Price	$1,500,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Retail Apartment Units
No. Lots	1	Total Lot Size	2.23 AC
Property Type	Land

Price	$1,500,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Apartment Units
Total Lot Size	2.23 AC

1 Lot Available

Lot Reserve A

Price	$1,500,000	Lot Size	2.23 AC
Price Per AC	$672,646

Price	$1,500,000
Price Per AC	$672,646
Lot Size	2.23 AC

Near rectangular shape with 5 small commercial buildings and served by water well and septic. Mostly cleared of trees except near the front. High and dry except a tiny piece on the Northeast corner.

Description

Approximately 250 feet of FM 1488 frontage in high traffic area. Excellent commercial location between Hwy 242 and FM 2978. High and dry except for a tiny piece in the Northeast corner. Currently with 5 small commercial buildings, water well and septic systems.