A 30.98-acre property located in Magnolia, Texas along Grand Pines Road. The site features over 1,800’ of frontage on Grand Pines and is fully in the floodplain, with a portion in the floodway. The site is surrounded by new single-family residential growth with Spring Creek, by Starlight Homes, on the north boundary which will have 624 lots at buildout, and Grand Pines, by DR Horton, across the street, with 800 lots at buildout. We feel given size and location, the highest and best use is retail, multifamily, storage, office, or a business park.