Property profile

28715 Fm 2978 Rd Magnolia, TX 77354

OFF-MARKET
Retail properties & Spaces
Property ID
US83-2341552
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Property summary

AI-generated overview

This exceptional half-acre mixed-use property in Magnolia, Texas, is situated on a hard corner lot at the intersection of Hardin Store Road and the recently widened FM 2978. Boasting unrivaled visibility and high traffic counts, this location offers significant potential for various commercial ventures. The property's strategic position places it within a rapidly growing area, making it an attractive investment opportunity. This unrestricted lot includes a water well, and its adjacency to an additional 11.5-acre parcel (also available for sale) provides the potential for nearly 12 acres of contiguous frontage on FM 2978. The versatile nature of this property makes it suitable for a wide range of commercial uses, including shopping centers, offices, home improvement stores, fast-food restaurants, gas stations, and other mixed-use developments. The asking price is $599,000. The property is located at 28715 FM 2978, Magnolia, TX 77354, in Montgomery County. This prime location presents a unique chance for investors to capitalize on the area's growth and high traffic volume. The property's size and location make it an ideal site for a variety of commercial uses, offering significant return potential.

Property profile

Verified
Property type Retail properties & Spaces
UPID US83-2341552

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

28715 Fm 2978 Rd Magnolia, TX 77354
Magnolia metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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