$550,000
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0.46 Acres Lot
SOLD DATE : 03/18/2024
Key Details
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Westwood 01
MLS Listing ID 50444104
Sold Date 03/18/24
HOA Fees $18/ann
HOA Y/N 1
Annual Tax Amount $5,558
Tax Year 2023
Lot Size 0.459 Acres
Acres 0.4591
Property Description
The property is being sold as a "covered land play" for an investor. This tract is well positioned in the booming market of the Woodlands/Magnolia area. With explosive population growth all around and unbeatable visibility the property poses a great opportunity for an investor to own a class A property in a growing area with an operating storage facility currently bringing in revenue!
The property sits on FM 1488 which is a major thoroughfare cutting through the Woodlands area all the way to Magnolia and beyond. It provides easy access to the back of The Woodlands or Magnolia for commuters taking I-45 from Houston. Currently the section of FM 1488 in front of the subject property sees an average of 35,000 +/- vehicles per day.
This is a very unique opportunity for an investor looking to have 1488 frontage for a new development while offsetting holding expenses with a functioning storage facility.
Location
State TX
County Montgomery
Area Magnolia/1488 East
Building
Lot Description Other
Lot Size Range 1/4 Up to 1/2 Acre
Sewer Other Water/Sewer
Water Other Water/Sewer
Schools
Elementary Schools Bear Branch Elementary School (Magnolia)
Middle Schools Bear Branch Junior High School
High Schools Magnolia High School
School District 36 - Magnolia
Others
Senior Community No
Restrictions Deed Restrictions
Tax ID 9495-00-08700
Tax Rate 1.7646
Disclosures No Disclosures, Other Disclosures
Special Listing Condition No Disclosures, Other Disclosures
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Bought with Houston Association of REALTORS
1001 West Loop South Suite 105, Houston, TX, 77027, United States