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5319 Fm 1488th Rd, Magnolia, TX 77354

$1,600,000

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List Price: $1,600,000
Status: ACTIVE
MLS#: 28425107
Days on Market: 6
Style: Patio Home
Lot Size: 42,146
Lot Size Source: Survey
Subdivision: Sweetgum Forest
Region: 15
Market Area: Magnolia/1488 East
County: Montgomery

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Property Description

UNRESTRICTED COMMERCIAL OR RESIDENTIAL HIGH-VISIBILITY FULLY FENCED CORNER LOT WITH TWO SHOPS, ~260' OF STREET FRONTAGE, AND TWO GATED ENTRANCES OFF 1488 & LOIS LN. Improvements include a ~400 SF built-out office building or shop and a ~2,300 SF shop with four roll-up doors, a bathroom, and seperate area for private office or storage. Previously operated as an automotive shop and currently an industrial storage & corporate office, the property offers exceptional flexibility for commercial or residential use and is NOT located in a flood zone. Private well and septic in-place with public utilities available. Magnolia is one of the fastest-growing areas in the Houston MSA, located just 10 minutes off I-45, 15 minutes from Conroe/Grand Central Park, and 15 minutes to The Woodlands. The 3-mile avg. household income exceeds $150k annually, with an area population growth of +160% from 2020 to 2026.

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Additional Information

Finance Available: Cash, Conventional
Taxes: $8,903
Neighborhood: Magnolia/1488 East
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available
Lot Description: Cleared, Corner Lot
School District: Magnolia
Elementary School: Tom R. Ellisor Elementary School
Middle School: Bear Branch Junior High School
High School: Magnolia High School