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Property profile & analytics
OFF-MARKET
Commercial real estate

Fm 2978 Rd Magnolia, TX 77354

11.29 ac lot Built 1995
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1995
Lot 11.29 ac (491,792 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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