38839 Spur 149 - Commercial LAND FOR SALE


Magnolia, TX 77354- Lynwood879,041 SF
$12,500,000 USD
713-830-4007
38839 Spur 149, Magnolia, TX for Sale
$12,500,000 USD
Commercial LAND - FOR SALE
1/8
879,041 SF

38839 Spur 149
Magnolia, TX 77354
Lynwood


HIGHLIGHTS

  • Property Video https://www.youtube.com/watch?v=-rlERFam9es
  • Size: ±20.18 Acres; See Survey Link here https://colliershouston.s3.us-east-2.amazonaws.com/WoodlandsLandAdvisory/38839+Spur+149+Survey.pdf
  • Located between The Woodlands and Magnolia
  • ±1,020’ of frontage on Spur 149
  • ±925’ of frontage on Red Creek Circle
  • Possible public utilities with annexation

OVERVIEW

Colliers is pleased to exclusively offer an excellent opportunity to acquire a unique development site in the Path of Growth surrounded by substantial construction. The Property consists of ±20.18 acres and represents a covered-land opportunity with income from a long-time tenant and is shadow anchored by a new H-E-B grocery store. The Property is leased until 12-31-2027 on a NNN basis. Base Rent is $870,000 per year with CPI-U increases beginning 01-01-2025. Tenant has Right to Early Terminate with a 15-month Termination Notice (& other provisions). Property Video https://www.youtube.com/watch?v=-rlERFam9es

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/ACRE

$619,425/AC

PRICE/SF

$14 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

20.18 AC

LAND SF

879,041 SF

OFFSITE IMPROVEMENTS

-

ZONING

2

APN/PARCEL ID

0449-01-00401,0449-01-00402

ASK ABOUT THIS PROPERTY

Tom CondonColliersMore Info
713-830-4007

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Tom CondonColliersMore Info
713-830-4007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.