5.138 Acres of Land with Offices on FM 1488

20518 FM 1488 Road & 18695 Patricia Lane, Magnolia, TX

$1,800,000

Price

1,411 sqft

Building Size

5.138 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
1,411 sqft
Lot Area
5.138 acres
Class
C
Units
2
Year Built
1986
Floors
2
Description

Outstanding property well suited for investment, retail, multi-family or a live/work scenario. Only minutes from downtown Magnolia, The Woodlands, schools, freeways & retail

Located on the north side of FM 1488 & on the east side of Patricia Lane

Highlights
  • Excellent location with great visibility, property is only 1.92 miles from the FM 1488 & FM 1774 intersection & less than 4 miles from SH-249
  • +/- 250 feet of frontage on FM 1488 & +/- 505 feet of frontage on Patricia Lane
  • City water nearby
  • Fiber-Optic cable to property
  • 3 ingress/egress points into the property, Not Divisible
  • Two dwellings on the property ideal for live to work unit or potential income opportunity
  • Average traffic of over 10,400 vehicles per day on FM 1488 & over 17,500 vehicles per day on FM 1774
  • Situated in Montgomery County & Magnolia ISD
  • Total tax rate for 2020: $1.97 per $100 of assessed value
  • 10% commission split for brokers
Documents
Location
Gallery