306 Commerce Street, Magnolia, TX 77355

$299,000 Asking Price

2 beds
2 baths
1,572  sqft
Built in 1966

This home is in the heart of Magnolia and sits on a large .792+/- acres. Conveniently located in the town center and could be used as a small retail shopping, bed & breakfast, home business, etc. The City must approve any small business that would like this location. Backs up to the Stroll, which is intended as a walkable retail shopping and entertainment area. Carport. Great location in the City of Magnolia, close to shopping, schools, and churches. So much potential to rebuild for your small business that suits your needs. Although it was used as residential, it was rezoned as Town Center. It can not be used as residential, only a small business. Home is sold "as is".

Features & Amenities

Interior

General:
All Bedrooms Down
Appliances:
Oven, Electric Range
Laundry:
Electric Dryer Hookup, Washer Hookup
Flooring:
Carpet, Laminate
A/C:
true, Ceiling Fan(s), Electric
Heating:
true, Electric
Fireplace:
Wood Burning, Fireplace, Fireplaces: 1

Exterior

Style:
Traditional

Construction

Roofing:
Composition
General:
Brick, 1, Slab

Location

Originating MLS:
Houston Association of Realtors
School District:
36 - Magnolia
County:
Montgomery

Lot

Zoning:
MAGNOLIA MELTON, BLOCK 7, LOT 11-20, ACRES 0.792, 71200016600
Fencing:
Full

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
Houston Association of Realtors
Buyers Agent Compensation:
3
NA Compensation:
0

This listing courtesy of:
Carswell Real Estate Co. Inc., Ellisa Carswell

About Magnolia, TX

Housing

Number of Units
29,500
Median Home Value
$286,868
Median Rent
$1,192

21.49% of housing units are renter occupied.

5.63% are vacant.

Commute

Car
70.45%
Public Transportation
0.85%
Walk to Work
0.44%
Work from Home
27.80%
Other
0.26%

The median travel time to work is 27 minutes.

People

Population
78,758
Median Age
37.90
Median Household Size
3.28

Education

High School
27.84%
Associate’s Degree
8.21%
Bachelor’s Degree
23.64%
Graduate Degree
8.46%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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