29245 Nichols Sawmill Rd Magnolia, TX 77355
This exceptional 2.84-acre commercial land parcel presents a remarkable investment opportunity in Magnolia, Texas. Located at 29245 Nichols Sawmill Rd, in Montgomery County, zip code 77355 (30.1719246, -95.7526837), this property offers significant potential for various commercial developments. The asking price is $600,000, translating to a land value of $7 per square foot. Utilities are conveniently located onsite, serviced by Clovercreek MUD. An existing onsite detention system is in place, simplifying development plans. The property boasts desirable frontage on Nichols Sawmill Road, ensuring high visibility and accessibility. This strategic location within the thriving Magnolia market makes it an ideal site for businesses seeking a prominent presence. The substantial acreage provides ample space for a wide range of commercial ventures, from retail establishments to light industrial uses. This is a rare opportunity to acquire a well-situated, fully-serviced commercial lot ready for immediate development. Don't miss this chance to secure a prime piece of Magnolia real estate.
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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.