28321 Fm 2978 Rd Magnolia, TX 77354
For Sale
This exceptional 2.65-acre commercial land parcel presents a remarkable development opportunity in Magnolia, Texas. Located on FM 2978, this unrestricted property boasts over 273.8 feet of frontage along a highway with a daily traffic count exceeding 31,000 vehicles. The land is partially cleared and strategically situated outside of both flood zones, minimizing development risks. A significant advantage is the existing 30-foot access point directly onto FM 2978, simplifying access and construction. Pre-existing drainage and flood mitigation infrastructure are already in place in front of the property, further streamlining the development process. The property's unrestricted zoning allows for a wide range of commercial uses, making it ideal for build-to-suit projects or turnkey developments. Priced at $800,000, this property offers significant potential for investors seeking high-visibility commercial land in a rapidly growing area. The Montgomery County location and 77354 zip code provide easy access to major transportation routes and a thriving community. This is a rare opportunity to acquire a prime commercial site with exceptional visibility and infrastructure already in place.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.