114 118 Commerce St, Magnolia, TX 77355

$349,900

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List Price: $349,900
MLS#: 15080134
Status: ACTIVE
Type: Land
Subtype: Land
Acres: 0.65
County: Montgomery
Area: 15
City: Magnolia
Subdivision: Magnolia Melton

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Property Description

Prime opportunity in the heart of "Old Magnolia" to own 8 city lots backing to the end of the Stroll. This property offers approximately 28,560 sf, measuring 240' X 119'. The adjacent property at 122 Commerce is also available (ML# 44737282) offering an additional 2 city lots. Both listings together offer half a city block of prime opportunity for your next venture. Both tracts would total approx 35,880 SF or 0.82 of an acre. The properties are zoned for the Town Center, featuring retail or restaurant businesses. (Exceptions would be up to the purchaser to verify with the City of Magnolia.) Don't miss this chance to continue the legacy of Old Magnolia and enhance these properties ready for new life. This is a highly traveled area near multiple Magnolia School campuses and an apartment complex. (Please do not attempt to enter structures on this property. Structures are a tear down at buyer's expense.)

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Additional Information

Unexempt Taxes: $3,848
Lot Size: 28,560
Lot Description: Cleared, Corner Lot, Open Lot
School District: Magnolia
Elementary School: Magnolia Elementary School (Magnolia)
Middle School: Magnolia Junior High School
High School: Magnolia West High School