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28536 Farm To Market Road 2978
Magnolia, TX 77354
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B
What's Special
28536 Farm To Market Road 2978, Magnolia, TX 77354 <ul><li>+-1.6 acre site with over 225' feet of frontage on FM 2978</li><li>FM 2978 is the major north-south arterial connecting The Woodlands to Tomball.</li><li>Strong visibility on high-traffic corridor with strong residential and commercial expansion.</li><li>Currently on well and septic - multiple systems on-site</li><li>Existing curb-cut</li><li>Property lies outside of floodway and mostly outside of 100 & 500 year floodplains</li></ul>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
