5135 FM 1488 Rd | Magnolia, TX 77354
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5135 FM 1488 Rd
Magnolia, TX 77354
1.97 Acres FM 1488 Land · Land For Sale
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1.97 AC
INVESTMENT HIGHLIGHTS
- Will Subdivide, plus Owner financing may be available.
- High Traffic, Great Visibility
- See YouTube Drone Video https://www.youtube.com/watch?v=w1KuGHuCa3U
- Water and Sewer must be obtained from the North side of FM 1488
- Cash flow from existing leases can be terminated quickly.
PROPERTY FACTS
DESCRIPTION
Highly visible location with high traffic on a corner location, and very near several new retail and multifamily developments. Located on the busy and growing FM 1488 corridor at the corner of Lago Vista Real and FM 1488. Across the street from the new Woodland Lakes/Marcel Town Center retail development, the Enclave and Watermere Apartment complexes, and down the street from the new Xscape Theater. Two of the buildings and the work shed might be moved prior to sale.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $176,339 | |
| Land Assessment | $686,894 | Total Assessment | $863,233 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$686,894
Improvements Assessment
$176,339
Total Assessment
$863,233
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