$550,000
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7427 FM 1488 RD Magnolia, TX 77354
0.46 Acres Lot
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