8935 Carraway Ln - FM 2978 @ Carraway Lane 5.78 Acres of Commercial Land Offered at $2,392,295 in Magnolia, TX 77354

Positioned in the heart of Magnolia’s rapidly expanding corridor, 8935 Carraway Lane offers a rare opportunity to acquire ±2.5 acres of unrestricted land with exceptional visibility and access. Located just off FM 1488 and minutes from The Woodlands, this site benefits from ±300 feet of frontage along Carraway Lane and seamless ingress/egress to major thoroughfares including FM 2978, SH 249, and I-45. The property’s level topography and lack of zoning restrictions make it ideal for a wide range of commercial uses—from retail pad development and medical office to flex industrial or multifamily. Surrounded by a mix of established residential neighborhoods and high-traffic retail destinations, the site is within walking distance of H-E-B, Target, Starbucks, and multiple dining options. Magnolia’s population has surged over 30% in the past decade, driven by its proximity to The Woodlands and growing demand for suburban lifestyle amenities. The area is supported by strong household incomes, a robust school district, and ongoing infrastructure investment. Drive times include 10 minutes to The Woodlands Mall, 15 minutes to IAH Airport via SH 99, and under 5 minutes to Magnolia’s town center. With utilities available and no floodplain encumbrances, this site is development-ready and positioned to capitalize on Magnolia’s upward trajectory. Whether for owner-user, investment, or build-to-suit, 8935 Carraway Lane delivers location, flexibility, and long-term value.