±60 Acres FM 1488 & Mill Creek Rd

Highlights

• New Project Entitlements:
• - Development agreement secured with city for annexation and utility service (not subject to development moratorium)
• - Approved for 45' lots
• - Annexation agreement with existing MUD
• - Drainage Impact Study Approved
• - TIA for buyer's connection to Mill Creek approved
• Property is located on the NEC (northeast corner) of FM 1488 & Mill Creek Rd in Magnolia, Texas.
• Ideal development to include subject site (single family residential) and supported by multi-family and retail mixed-use.
• Strategic location within the Magnolia ETJ, less than 3.5 miles east from downtown Magnolia along highly trafficked FM 1488 and located less than 5 minutes (1.6 miles) to the on-ramp of the Aggie Expressway.
• 416 FT of frontage on Mill Creek Rd and 672 FT of frontage on FM 1488.
• Newly developed 378-acre Mill Creek subdivision adjacent to site.
• Major road improvements under construction throughout the market area include FM 249 extension, widening of FM 1488, and Magnolia Bypass.
• TXDOT approved traffic signal at Mill Creek and MF 1488.
• Traffic Counts(2023 TXDOT)
• - FM 1488 - west of Mill Creek: 16,500
• - FM 1488 - east of Mill Creek: 17,908

Attachments

• ±60 Acres FM 1488 & Mill Creek - Marketing_Brochure_2024.pdf (PDF) opens in new window

Location