3.47 AC at Forest West Street & FM 1488
Commercial Land | Magnolia, TX
Summary
- Sales Price $2,300,000
- Price/SF $15.22/SF
- Land Size ~3.47 AC
Property Highlights
- — ~242’ of frontage on FM 1488
- — Affluent demographics with an average household income of $152,000, $168,000, and $166,000 within a 1-, 3-, and 5-mile radius respectively
- — High traffic counts at 29,000 vehicles per day
- — Property is not in the floodplain with all utilities nearby
- — 1.5 miles from The Woodlands and well known Alden Bridge and Sterling Bridge
- — A quarter mile to HEB at Tamina
- — Property is situated on the high visibility corner of FM 1488 @ Forest West St
- — Strong population growth and affluent demographics at ~3 times national average household income
