Property summary
This 4,152 square foot Class C retail storefront, built in 2014, is situated on a 0.42-acre lot at 814 Honea Egypt Rd, Magnolia, TX 77354. The property enjoys a prime location on heavily trafficked FM 2978, boasting a daily vehicle count of 28,631. Its strategic position just north of the intersection of FM 1488 and FM 2978, one of Montgomery County's busiest intersections, ensures high visibility and accessibility. The surrounding area is experiencing significant growth, with nearby developments including the expansive 3,000-acre Woodforest master-planned community, home to over 13,000 residents and featuring numerous residential neighborhoods, parks, and commercial amenities. This thriving community, coupled with new commercial developments in the immediate vicinity, creates a strong potential for future retail and commercial growth, making this storefront an excellent investment opportunity. The property's location within Montgomery County, Texas, offers easy access to major transportation routes and a robust consumer base. This well-positioned retail space presents a compelling opportunity for businesses seeking a high-traffic location within a rapidly expanding area. The building itself is a 2014 construction, offering modern amenities and the potential for customization to suit a variety of retail uses.
Property profile
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice Spa & Massage Center
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Construction Company General Contractor
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Association / Organization
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(Bike/Boat/Book/etc) Store Cosmetic Store
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(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
2 · Magnolia, TXZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 2 in Magnolia, TX.
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