Fm 2978 Rd Magnolia, TX 77354
This exceptional 11.29-acre commercial property in Magnolia, Texas, presents a remarkable investment opportunity. Boasting 414 feet of frontage on FM 2978 at the Hardin Store Road intersection, this unrestricted land offers unparalleled visibility and accessibility. The property includes two functioning water wells and a commercial septic system, eliminating significant infrastructure hurdles. Currently improved with four existing businesses and a residential dwelling, this site is primed for redevelopment or expansion. Its strategic location within a rapidly developing area makes it ideally suited for a wide range of commercial ventures, including multifamily housing, shopping centers, office complexes, fast-food restaurants, or gas stations. The high traffic count and proximity to the Hardin Store Road intersection guarantee substantial exposure. This is a rare chance to acquire a substantial parcel of land in a thriving Texas market, poised for significant future growth and return on investment. The existing structures offer immediate income potential while the expansive acreage allows for considerable future development. Don't miss this chance to capitalize on this prime commercial real estate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.