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    FM2978 1/2 Magnolia, TX 77354

    For Sale
    $1,100,000

    High-visibility commercial land, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2.239-acre commercial land parcel is situated at the highly visible corner of FM 2978 and Shady Lane in Magnolia, Texas (Montgomery County, zip code 77354). The property boasts approximately 252 feet of frontage along the newly expanded five-lane FM 2978 Highway, ensuring maximum exposure to significant traffic volume. This strategic location within the thriving Woodlands market area offers unparalleled accessibility and visibility, making it ideal for a variety of commercial ventures. The land is located outside of flood zones, providing a secure investment opportunity. The property's prime location and high visibility make it suitable for retail, dining, or service-oriented businesses, catering to the area's diverse demographic. This is a rare opportunity for businesses seeking a prominent position in a bustling community. The property is part of a larger 5-acre tract, with this 2.239-acre portion being offered for sale. Note that an existing billboard on the property is not included in the sale, and an easement will be conveyed. The asking price is $1,100,000. The APN is 0078-01-01208.

    Property Features for FM2978 1/2

    General Information

    Property type
    Land
    Lot Size
    97,531 SF

    HighLights

    • High‑visibility corner lot at FM 2978 & Shady Lane in Magnolia, TX (77354).
    • 252 feet of frontage on the newly expanded 5‑lane FM 2978.
    • Floodplain‑free location, offering secure investment potential.
    • Ideal for retail, dining, or service businesses, catering to a diverse demographic.
    • 2.239‑acre parcel (part of a larger 5‑acre tract) available for $1,100,000. APN: 0078‑01‑01208. Existing billboard not included; easement conveyed.
    • Located in the thriving Woodlands market area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.597947750011
    Latitude
    30.164802282904

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    FAQs

    What type of property is this?
    Land - High-visibility commercial land, prime location.
    Where is this land located?
    The property is located at FM2978 1/2 Magnolia, TX.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: High-visibility corner lot at FM 2978 & Shady Lane in Magnolia, TX (77354).; 252 feet of frontage on the newly expanded 5-lane FM 2978.; Floodplain-free location, offering secure investment potential.
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    FM2978 1/2 Magnolia, TX 77354
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    FM2978 1/2 Magnolia, TX 77354
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