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    OFF-MARKET
    Commercial real estate

    28715 Fm 2978 Rd, Magnolia, TX 77354

    Property ID
    US83-2341552
    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 Commercial real estate
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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