28025 Fm2978 Tract A, Magnolia, TX 77354
This exceptional 2.76-acre commercial land tract is situated at 28025 FM 2978 in Magnolia, Texas, within Montgomery County (zip code 77354). Boasting 312 feet of frontage on the newly expanded five-lane FM 2978 Highway, this property offers unparalleled visibility and accessibility to high traffic volumes. Located in the thriving Magnolia and Tomball area, and within the Woodlands market area, this land is outside flood zones, providing a secure investment opportunity. The property's location is ideal for a variety of commercial ventures, including retail, dining, or service-oriented businesses, catering to the diverse demographic of the area. This prime location presents limitless potential for boutique retail spaces, restaurants, or professional offices. The asking price is $1,100,000. The APN is 0078-01-01209. Additional contiguous acreage is available for purchase should a larger footprint be desired. Note that a commercial billboard located on the northern property line is not included in the sale.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.