32823 FM-2978 | Magnolia, TX 77354
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32823 FM-2978
Magnolia, TX 77354
The Park on 2978 · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Value-add retail center offering consistent cash flow, immediate upside and long-term value creation
- Exceptional demographics surrounding the asset with a population of over 122,000 people and average household incomes exceeding $122,000
- Located within the rapidly expanding Montgomery County, significant population growth is predicted to exceed 11% over the next five years
- Diverse service-oriented, internet resistant tenant line-up poised to serve the dense and affluent surrounding residential trade area
- Located along FM 2978 between the intersections of FM 1488 and Research Forest Drive, the Property is situated within a regional retail hub
- Property abuts The Woodlands, one of Houston’s most prestigious, affluent and deed restricted master-planned communities
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
16,480 SF
Building Class
B
Year Built
1998
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.84 AC
Zoning
2
Parking
94 Spaces (5.7 Spaces per 1,000 SF Leased)
Frontage
292’ on Fm-2978 Rd
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 9495-00-39600 | Improvements Assessment | $1,340,288 |
| Land Assessment | $959,712 | Total Assessment | $2,300,000 |
PROPERTY TAXES
Parcel Number
9495-00-39600
Land Assessment
$959,712
Improvements Assessment
$1,340,288
Total Assessment
$2,300,000
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