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18640 FM 1488 Rd
Magnolia, TX 77354

Magnolia Square Shopping Center · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
8,992 SF
Building Class
B
Year Built
2000
Tenancy
Multiple
Number of Floors
1
Building FAR
0.30
Lot Size
0.69 AC
Zoning
2
Parking
25 Spaces (2.78 Spaces per 1,000 SF Leased)
Frontage
139 ft on Magnolia Pky

Amenities

  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalised Intersection
  • Drive Thru

About 18640 FM 1488 Rd , Magnolia, TX 77354

Desirable Mix of Tenants • 8,992 Square Foot Multi-Tenant Retail Center • Synergistic Mix of Five National, Regional, and Local Internet-Resistant Tenants • All Tenants on NNN Leases Major Retail Corridor and Intersection • Located at the Hard Corner, Signalized Intersection: FM 1488 and FM 1774 • Ingress and Egress to FM 1488 (21,033 VPD), Ingress and Egress to FM 1774 (13,113 VPD) • Across from Brookshire Brothers Supermarket, Adjacent to McDonald’s, Surrounded By Walgreens, Burger King, Sonic, Shipley Do-Nuts, O’Reilly Auto Parts, Subway, Domino’s, T-Mobile, Woodforest National Bank. Close Proximity to Texas Renaissance Festival • Property on the Route to Texas Renaissance Festival, the Nation’s Largest Renaissance-Themed Event. The Festival Hosts over 655,000 Attendees Each Year • Majority of Visitors Pass Subject Property on Either FM 1774 or FM 1488 From Houston. Subject Property Is 5.8 Miles From the Festival Site TxDOT Invests in Intersection and Area Growth • TxDOT Is Constructing a $23.4MM Railroad Overpass at FM 1488 and FM 1774 Intersection • Thirty Percent Increase In Vehicles Per Day Since 2013- Magnolia Sees More Growth • TxDOT to Widen FM 1488 to a Four-Lane Divided Roadway (Currently Two-Lane Undivided Roadway) • TxDOT FM 1488 Widening to Reduce Subject Parcel Size- See Conceptual Site Plan on Page 10 for Future Parking Planning.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0320-00-02905
Land Assessment
£465,377
Improvements Assessment
£1,111,979
Total Assessment
£1,577,356
  • Listing ID: 19373006

  • Date on Market: 29/04/2020

  • Last Updated:

  • Address: 18640 FM 1488 Rd, Magnolia, TX 77354

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