20800 FM 1488 Rd - Auto Repair FOR SALE


Magnolia, TX 77355
$1,500,000 USD
281-757-6412
20800 FM 1488 Rd, Magnolia, TX for Sale
$1,500,000 USD
Auto Repair - FOR SALE
1/32
null | 4.8% Cap Rate

20800 FM 1488 Rd
Magnolia, TX 77355


HIGHLIGHTS

  • Heavy Traffic/Demographic
  • Tenant in place 5 years

OVERVIEW

High-Traffic Multi-Use Facility with Dedicated RV Service Bays on FM 1488 Body: Seize a prime real estate opportunity with this versatile 1.5-acre property, featuring a 2,400 sq ft main building and specialized service areas. The building is intelligently divided, with approximately 1,200 sq ft dedicated to a front retail center, reception, and office space, while the other 1,200 sq ft functions as an indoor repair shop. A key feature includes multiple high-clearance lean-tos attached to the main building, providing covered workspace specifically designed for taller vehicles like RVs and commercial rigs. This allows for protected outdoor repairs and service. The facility boasts an expansive 230+ feet of frontage on the newly expanded four-lane FM 1488, providing unmatched visibility and high traffic volume. A tenant is currently in place on a month-to-month lease, providing flexibility for an owner-user to either take immediate occupancy or retain a holding income. • 1.5-acre lot with direct FM 1488 access • 230+ feet of high-traffic road frontage • 2,400 sq ft main building with retail/office and indoor repair shop • Multiple high-clearance lean-tos for covered outdoor RV service. • Perfect for RV, truck, or auto repair businesses • Month-to-month tenant provides income or occupancy option. • Located on newly expanded four-lane corridor.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$625 USD /SF

CAP RATE

4.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station, Service, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

NONE

APN/PARCEL ID

7125-00-03400

ASK ABOUT THIS PROPERTY

Allison DoverRealm Real Estate Professionals NorthMore Info
281-757-6412

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Allison DoverRealm Real Estate Professionals NorthMore Info
281-757-6412

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