This ±12 acre ranch property for sale in Montgomery County, Texas is located on the brand new access road from FM 149 to FM 1488 adjacent to the recently completed FM 1488 overpass project. The parcel is just northwest of The Woodlands on busy FM 1488 between the towns of Egypt and Magnolia. The site is less than 15 miles west of I-45 and less than five miles north of Hwy 249.
The recent explosive growth around Magnolia prompted the Texas Department of Transportation to approve a $28.5 million dollar project to widen FM 1488 and create an overpass above FM 149 and the Burlington Northern Santa Fe railroad tracks that parallel FM 149. This exciting property opportunity is located on the access road between FM 149 and FM 1488. Across FM 149 from the property is the ±2,000 student Magnolia High School.
Several nearby commercial retail and residential developments are already either in construction or planning. Diagonally across the intersection will be Magnolia Commons, a 142-acre mixed-use development which will include an H-E-B grocery store. The city of Magnolia also anticipates several residential communities to break ground near the overpass, including Magnolia Audubon, a proposed 2,600-acre community, and Reynolds Reserve, a 197-acre development.
Speaking about the new overpass, Tana Ross, economic development coordinator and planning technician for the city of Magnolia, said the overpass will bring significant economic growth to the Magnolia area. “That overpass will definitely be the catalyst for [Magnolia Commons],” Ross said. “Therefore, [the city] will benefit from that new retail center that includes H-E-B as other cities have done before us.”
The property is currently pasture land that is leased for cattle grazing. Paved entrances to the property were poured as part of the overpass construction project.