Current Use by Public Records
- Land
Property Details for 0 Spur 149 Rd
- Lot size
- 7.50 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 7.5-acre commercial and industrial land parcel in Magnolia, Texas, presents a unique investment opportunity. Located at Spur 149 Rd, 77354, Montgomery County, this unrestricted property offers significant potential for development. The asking price is $1,750,000, translating to $233,333 per acre. A partial ownership in an adjacent 8-acre lake is included. Preliminary plans are in place for a business park featuring twenty 2,500 square-foot rentable spaces, with building designs already developed (see listing photos). These designs encompass six 50' x 150' buildings and one 50' x 100' building. The property benefits from its proximity to recently completed developments such as HEB, Magnolia Place, Magnolia Village, and Heritage Green. Furthermore, it's conveniently located near the Audubon Master Planned community (projected 4,500 homes) and the upcoming Two Step Farm neighborhood (1,100 homes). This strategic location is ideal for supporting the burgeoning local trade businesses serving these new residential areas. The existing site work, including underbrush clearing and a TXDOT-approved driveway application, significantly reduces development time. This property offers immediate potential for generating monthly lease revenue, capitalizing on Magnolia's rapid growth—ranked as the 7th fastest-growing area in the greater Houston area in Q3 2023.
Value Estimations
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AI approach
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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
- -95.68
- Latitude
- 30.2114
