Commercial

FM 1488 Rd & Old Hempstead Rd

Farm to Market Rd 1488, Magnolia, TX 77355

Listing Price: $3,250,446

Lot Size
22.17 acres
Price/Acre
$146,615
Land Type
Land

Investment Overview

A 22.178-acre site that sits at the corner of FM 1488 road and Old Hempstead road. Access to the site is provided via Old Hempstead road to the east and FM 1488 road to the south. There are no floodplains nor easements crossing through the property. Water is provided through the City of Magnolia. The City of Magnolia is located at the junction of FM 1774 and FM 1488, approximately 45 miles northwest of Houston and 25 miles southwest of Conroe. The City is approximately 20 miles from both IH 45 and US 290 - two of Houston’s main highway systems. The greater Magnolia area spans approximately 12 miles in all directions with an estimated population of more than 138,000. The City is located in southwest Montgomery County, nationally ranked as 7th in growth among U.S. county. A short drive from Houston, Magnolia is poised for expansion with the arrival of the SH 249 Toll Way and major corporations like Exxon-Mobil. At the crossroads of progress, Magnolia is still a place where neighbors help neighbors - a place to call home or grow your business. The 249 Toll Road broke ground in both directions early 2018 from the center of the city. The FM 1488 flyover at FM 149 and the FM 1774 flyover is scheduled to open to two lanes of traffic and will provide easier access to the City of Magnolia. The City is in close proximity to both the George Bush Intercontinental Airport serving the greater Houston area and several small general aviation airports, including D.W. Hooks Memorial Airport -an Intercontinental reliever airport and small jet facility. The 2010 U.S. Census shows Magnolia grew 25% in the last decade to 1,400. This year, Magnolia has realized a 50% increase in commercial permits compared to 2010 - and this is just the beginning.

Investment Highlights

  • Audobon, a 3,300-acre master planned community, being developed in close proximity to the site.
  • Excellent visibility and access from FM 1488 Rd. and Old Hempstead Rd.
  • Lighted intersection.
  • FM 1488 Rd. being widened from 2-lanes to 4-lanes.
  • City of Magnolia water is available at the site.
  • The FM 1488 flyover at FM 149 and the FM 1774 flyover is scheduled to open to two lanes of traffic and will provide easier access to the City of Magnolia.

Exclusively Listed By

Commercial

FM 1488 Rd & Old Hempstead Rd

Listing Price: $3,250,446

Lot Size
22.17 acres
Price/Acre
$146,615
Land Type
Land

Investment Highlights

  • Audobon, a 3,300-acre master planned community, being developed in close proximity to the site.
  • Excellent visibility and access from FM 1488 Rd. and Old Hempstead Rd.
  • Lighted intersection.
  • FM 1488 Rd. being widened from 2-lanes to 4-lanes.
  • City of Magnolia water is available at the site.
  • The FM 1488 flyover at FM 149 and the FM 1774 flyover is scheduled to open to two lanes of traffic and will provide easier access to the City of Magnolia.

Investment Overview

A 22.178-acre site that sits at the corner of FM 1488 road and Old Hempstead road. Access to the site is provided via Old Hempstead road to the east and FM 1488 road to the south. There are no floodplains nor easements crossing through the property. Water is provided through the City of Magnolia. The City of Magnolia is located at the junction of FM 1774 and FM 1488, approximately 45 miles northwest of Houston and 25 miles southwest of Conroe. The City is approximately 20 miles from both IH 45 and US 290 - two of Houston’s main highway systems. The greater Magnolia area spans approximately 12 miles in all directions with an estimated population of more than 138,000. The City is located in southwest Montgomery County, nationally ranked as 7th in growth among U.S. county. A short drive from Houston, Magnolia is poised for expansion with the arrival of the SH 249 Toll Way and major corporations like Exxon-Mobil. At the crossroads of progress, Magnolia is still a place where neighbors help neighbors - a place to call home or grow your business. The 249 Toll Road broke ground in both directions early 2018 from the center of the city. The FM 1488 flyover at FM 149 and the FM 1774 flyover is scheduled to open to two lanes of traffic and will provide easier access to the City of Magnolia. The City is in close proximity to both the George Bush Intercontinental Airport serving the greater Houston area and several small general aviation airports, including D.W. Hooks Memorial Airport -an Intercontinental reliever airport and small jet facility. The 2010 U.S. Census shows Magnolia grew 25% in the last decade to 1,400. This year, Magnolia has realized a 50% increase in commercial permits compared to 2010 - and this is just the beginning.

Exclusively Listed By

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