1.9697 Acres at 5131 FM 1488

5131 FM 1488 Magnolia, TX 77354

5131 FM 1488, Magnolia, TX, 77354
5131 FM 1488, Magnolia, TX, 77354
Property Type:
Other Land
Last Verified:
Feb 08, 2019


  • High Traffic
  • Growing Area
  • Utilities Nearby
  • Cash Flow from two leases that can be terminated quickly.


Highly visible location with high traffic on a corner location, and very near several new retail and multifamily developments.

Located on busy and growing FM 1488 at the corner of Lago Vista Real and FM 1488. Across the street from the new Woodland Lakes/Marcel Town Center retail development, the Enclave and Watermere Apartment complexes, and down the street from the new XScape Theater.

Lot Size: 1.97 acres

Map of 5131 FM 1488, Magnolia, TX, 77354

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.