1488 & Ml Crk Rd Magnolia, TX 77354

Property Details for 1488 & Ml Crk Rd

Lot size

60.00 lot acres

Property type

Land

Description

This exceptional 60-acre commercial land parcel presents a unique development opportunity in Magnolia, Texas. Situated at the northeast corner of FM 1488 and Mill Creek Road, this property boasts 416 feet of frontage on Mill Creek Road and 672 feet of frontage on FM 1488, ensuring high visibility and accessibility. The site is strategically located within the Magnolia extraterritorial jurisdiction (ETJ), less than 3.5 miles east of downtown Magnolia and under 5 minutes from the Aggie Expressway on-ramp. Development entitlements are already in place, including a development agreement with the city for annexation and utility service, eliminating delays associated with development moratoriums. The property is approved for 45' lots and has an annexation agreement with an existing Municipal Utility District (MUD). Furthermore, a drainage impact study has been approved, and a TIA (Traffic Impact Analysis) for buyer connection to Mill Creek is secured. This site is ideal for single-family residential development, complemented by the potential for mixed-use projects incorporating multi-family and retail components. The property benefits from its proximity to the newly developed 378-acre Mill Creek subdivision and is poised to capitalize on major road improvements currently underway, including the FM 249 extension, widening of FM 1488, and the Magnolia Bypass. This is a rare opportunity to acquire a fully entitled, strategically located tract of land in a rapidly growing area of Montgomery County. The zip code is 77354.