8818 Carraway Ln Magnolia, TX 77354

This exceptional 5.5-acre commercial and industrial land parcel, located at 8818 Carraway Lane in Magnolia, Texas, presents a remarkable development opportunity. Priced at $1,677,060 ($7/sq ft), this property boasts an outstanding location in a rapidly expanding area of Montgomery County, offering excellent visibility and accessibility. Situated just off the northeast corner of FM 2978 and Carraway Lane, it benefits from close proximity to the Grand Parkway (99) and the City of Tomball, ensuring convenient access to major transportation arteries. The site enjoys approximately 650 feet of frontage on Carraway Lane, with the potential to acquire adjacent FM 2978 frontage. Its strategic location places it within 4 miles of SH-249 and less than 4.5 miles from FM 1488, benefiting from high daily traffic counts exceeding 25,000 vehicles on FM 2978 and over 31,000 on FM 1488. This high-density area is surrounded by residential and commercial development. The property is in the Magnolia ISD, with a 2021 total tax rate of $1.86 per $100 of assessed value. A comprehensive demographic package is available upon request. Owner financing is available, making this an attractive investment for developers and owner-users alike. The property's zoning and potential uses should be verified independently.