209 Magnolia Blvd Magnolia, TX 77355
This 3,200 square foot auto shop, situated on a 0.32-acre lot at the corner of Magnolia Boulevard and Nichols Sawmill Road in Magnolia, Texas, presents a compelling investment opportunity. The building features three grade-level roll-up bay doors—two at the front and one at the rear, allowing for convenient pull-through access. Inside, you'll find an office, restroom, and waiting area. The property boasts a partially paved area surrounding the building, enhancing functionality and accessibility. Its exceptional corner location provides over 110 feet of frontage on both Magnolia Boulevard and Nichols Sawmill Road, offering high visibility and accessibility. This strategic location is just half a mile south of FM 1488, benefiting from significant traffic volume. Magnolia Boulevard sees an average daily traffic count exceeding 16,000 vehicles, while Nichols Sawmill Road boasts over 12,000 vehicles daily. Located within the City of Magnolia, Montgomery County, and the Magnolia ISD, the property enjoys a 2022 total tax rate of $2.14 per $100 of assessed value. The asking price is $550,000, translating to $171.88 per square foot. This property is ideal for an established auto repair business or an entrepreneur looking to establish a presence in a high-traffic area. The zip code is 77355.
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Wiley's Auto Repair Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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