40727 Fm 149 Rd, Magnolia, TX 77354
5,000 SF | 20% Leased | Retail Building | Magnolia, TX 77354 | $1,600,000 ($320/SF) | 1% Cap Rate
For Sale
Active
Asking Price $1,600,000
- Sale Condition
- Lease Option
- Property Type
-
Retail
- Square Feet
- 5,000 SF
- Price / Square Foot
- $320
Listing Contacts
Roxanna Gross
Sara Jimenez
Property Overview
This property offers a prime investment opportunity on a high-traffic road, just minutes from the Aggie Expressway in a rapidly expanding area. The 1+ acre lot is unrestricted, providing flexibility for various uses. The property includes a 5,000 sq ft building, with 1,000 sq ft currently leased to Efficient Barber Studio under a 3-year lease that began in December 2023. An additional 3,000 sq ft remains in shell condition, allowing for customization to suit a variety of business needs. The remaining 1,000 sq ft is fully built out and includes a restroom, making it ideal for a small office or retail store. The owner is offering financing options and is open to negotiation, so all serious offers are encouraged.
Property Details
- Class
- B
- Year Built
- 2020
- Stories
- 1
- Property Subtype
- Freestanding, Showroom, Storefront, Office/Residential
- Lot Size (sq. ft)
- 48,352 SF
Highlights
- High Traffic on FM 149
- Rapid Growth in Area
- Owner use and/or investment opportunities
Nearby Properties
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