26842 Fm 2978 Rd Magnolia, TX 77354
- Land
- 3.40 lot acres
Current Use by Public Records
- Land
Property Details for 26842 Fm 2978 Rd
- Lot size
- 3.40 lot acres
- Property type
- Land
Description
This exceptional 3.4-acre commercial land parcel presents a prime development opportunity within the master-planned NorthGrove community in Magnolia, Texas. Situated at the entrance of NorthGrove, a Toll Brothers development, this property offers unparalleled visibility and accessibility. With pad sites available, ranging from 1.0 to 3.4 acres, it's ideally suited for freestanding retail, restaurants, or pad-in-line retail establishments. The location boasts convenient access to major thoroughfares, including SH 249 and Grand Parkway 99 (Toll Road), ensuring high traffic volume and easy commutes. The site benefits from a signalized intersection at the main entrance of NorthGrove, further enhancing visibility and accessibility. Utilities are readily available through MUD 137, including off-site detention, and the property is located outside the 500-year floodplain. NorthGrove is a thriving community projected to include approximately 996 homes upon completion, with homes priced up to the $700,000s and 200 acres of open green space. The property enjoys excellent frontage on FM 2978, with approximately 566 feet of frontage, and benefits from high traffic counts (2021 TXDOT data: 23,669 vehicles north of the site and 19,223 vehicles south). Top-ranked Magnolia schools are also conveniently located nearby. This is a rare opportunity to establish a business in a rapidly growing area with strong demographics and excellent infrastructure. The property is located in Montgomery County, Texas, with a zip code of 77354.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Magnolia
- County
- Montgomery
- State
- Texas
- Longitude
- -95.5967
- Latitude
- 30.1496
