Magnolia, TX 77354,7427 FM 1488 RD
Magnolia, TX 77354,7427 FM 1488 RD
Magnolia, TX 77354,7427 FM 1488 RD
Magnolia, TX 77354,7427 FM 1488 RD
Magnolia, TX 77354,7427 FM 1488 RD
Magnolia, TX 77354,7427 FM 1488 RD
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$550,000

Est.Price: ?

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Est. payment /mo

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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Houston Association of Realtors (HAR MLS)
Listed by CRD Realty • Ryan Dooley
Bought with Houston Association of REALTORS
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+1(281) 258-8011

[email protected]

1001 West Loop South Suite 105, Houston, TX, 77027, United States

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