Magnolia, TX 77354,7427 FM 1488 RD
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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

$550,000

Est. payment /mo
Est.Price: ?

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7427 FM 1488 RD Magnolia, TX 77354

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
Bought with Houston Association of REALTORS

LJ McGowan

Advisor | License ID: 716427

+1(832) 287-3042

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