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FM 1488 & Manor Dr

6.13 Acres of Commercial Land Offered at $2,091,309 in Magnolia, TX 77354

Investment Highlights

  • Approximately 2 miles from Hwy 149.

Executive Summary

• +/- 275 ft of Frontage on FM 1488
• +/- 300 ft of Frontage on Manor Drive
• Unrestricted
• Near Mostyn Manor Development
• Minutes away from I-45
• Approximately 2 miles from Hwy 149
• Not within Flood Plain
• Magnolia I.S.D

Financial Summary (Actual - 2023)

Annual Annual Per AC
Taxes $566,088 $92,347.15
Operating Expenses - -
Total Expenses $566,088 $92,347.15

Financial Summary (Actual - 2023)

Taxes
Annual $566,088
Annual Per AC $92,347.15
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $566,088
Annual Per AC $92,347.15

Property Facts

Price $2,091,309
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
Total Lot Size 6.13 AC

1 Lot Available

Lot

Price $2,091,309
Price Per AC $341,160
Lot Size 6.13 AC

Unrestricted land. ±289.6 ft of Frontage on FM 1488 and ±300 ft of Frontage on Manor Drive.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7308-02-06700
Land Assessment
$1,324,100 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$1,324,100 (2024)
Annual Taxes
$566,088
Tax Year
2023

zoning

Zoning Code 2
2
  • Listing ID: 12658964

  • Date on Market: 5/24/2018

  • Last Updated:

  • Address: FM 1488 & Manor Dr, Magnolia, TX 77354

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