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0000 Farm to Market Road 1488 9.68 Acres of Commercial Land Offered at $4,187,760 CAD in Magnolia, TX 77355
INVESTMENT HIGHLIGHTS
- Primarily cleared and ready for development.
- Located in a fast growing development area with proximity to multiple booming residential communities
- 478?ft +/- of high-exposure road frontage
- 3.7 miles from State Highway 249, just West of Magnolia.
- Strong traffic counts on (~20K ADT)
- FM 1488 is now 4 lanes from the property heading east into Magnolia
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER AC (CAD) |
|---|---|---|
| Taxes |
$45
|
$4.61
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$45
|
$4.61
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes (CAD) | |
|---|---|
| Annual | $45 |
| Annual Per AC | $4.61 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $45 |
| Annual Per AC | $4.61 |
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $4,187,760 CAD | Lot Size | 9.68 AC |
| Price Per AC | $432,619.85 CAD |
| Price | $4,187,760 CAD |
| Price Per AC | $432,619.85 CAD |
| Lot Size | 9.68 AC |
PRIME UNRESTRICTED Property (3.7) miles from State Highway 249 in Magnolia. Just over (478+/-) feet of road frontage on FM 1488, the lot is mostly cleared and prime for development or mixed use.
DESCRIPTION
Landmark 9.68-Acre Commercial/Investment Site on FM?1488 — Fortified by 478 ft +/-? of high-exposure frontage, this fully cleared and unrestricted tract is poised for immediate development. Located in the heart of Magnolia's fastest-growing corridor—just 3.7 miles from SH?249—it delivers potential for utility access, strong traffic counts (~20K ADT), and proximity to multiple booming residential communities. Market-priced at $310K/acre, it's a rare opportunity for scale-driven users: think multi-pad retail, medical campus, hospitality anchor, or mixed use. Contact us today to schedule a tour!
PROPERTY TAXES
| Parcel Number | 0296-00-01700 | Total Assessment | $2,914 CAD (2025) |
| Land Assessment | $2,914 CAD (2025) | Annual Taxes | $45 CAD |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Presented by
0000 Farm to Market Road 1488
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