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    OFF-MARKET
    Commercial real estate

    31611 Nichols Sawmill Rd, Magnolia, TX 77355

    Property ID
    US83-2339525
    Property summary
    AI-generated overview

    This exceptional commercial land offering presents two contiguous parcels totaling 6.092 acres in the thriving city of Magnolia, Texas. Located at 31611 Nichols Sawmill Rd, zip code 77355, this property boasts a strategic location south of the FM 1774 and Nichols Sawmill Rd intersection. One parcel encompasses 2.398 acres, while the adjacent parcel offers 4.694 acres, providing flexibility for various development scenarios. The property is currently undergoing a rezoning process to "SV" designation, specifically for commercial use, streamlining the development process for prospective buyers. This prime location offers convenient access to essential city services and amenities, with its proximity to City Offices and Facilities situated at Unity Park. Furthermore, the City of Magnolia provides utilities to the site, ensuring seamless infrastructure integration for future projects. This presents a rare opportunity to acquire a significant land holding in a rapidly growing area of Montgomery County, Texas, ideal for a wide range of commercial ventures. The combined acreage offers substantial potential for development, making it an attractive investment for both short-term and long-term growth.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US83-2339525
    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
    Current use
    Occupant on record · Public records
    • Magnolia Bible Church Church
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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