An incredible opportunity to purchase a rich piece of Magnolia. With road frontage on FM 1488 and Old Hempstead Road, this nearly 2.5 acres is a great location for commercial use. The 2,624 square foot building is currently home to The Bar-B-Que Hut. Inside you will find a large cooking area, restroom, and office space. Outside has a large covered seating area along with a walk up window to order. Next to the restaurant is an 1,800 square foot home with 3 bedrooms, 2 bathrooms and an office area. Aerobic septic systems for both the restaurant and home are in place. City water services both structures. Approximately 80 foot of frontage on FM 1488 and 170 foot of frontage on Old Hempstead. The opportunities are endless in this booming spot. Schedule your showing today!
Lot/land
Price cut: $5K (6/26)
$1,994,500
31608 Old Hempstead Rd, Magnolia, TX 77355
--beds
0baths
2.5Acres
Unimproved Land
Built in ----
2.5 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 143 days |
- 21 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Whitley Fisher TREC #0721441 830-460-0839,
Capitol Ranch Real Estate
Source: HAR,MLS#: 63265998
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Lot
- Size: 2.5 Acres
- Features: Open Lot, 2 Up to 5 Acres
Details
- Parcel number: 56300
Utilities & green energy
- Sewer: Aerobic Installed
- Water: Public
- Utilities for property: Gas Availability Unknown, Cable Unknown, Electricity Available
Community & HOA
Community
- Subdivision: Abst-A4
Location
- Region: Magnolia
Financial & listing details
- Tax assessed value: $208,915
- Annual tax amount: $2,839
- Date on market: 3/6/2026
- Listing terms: Cash,Conventional,Owner Will Carry
Estimated market value
Not available
Estimated sales range
Not available
$1,622/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Price change | $1,994,500-0.3% |
Source:  HAR #63265998 Report a problem | ||
| 3/6/2026 | Listed for sale | $1,999,500 |
Source: HAR #63265998 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,303 -8.8% | $208,915 -7% |
| 2024 | $3,623 +16.8% | $224,570 +14.3% |
| 2023 | $3,102 | $196,520 |
| 2022 | -- | $196,520 +40.5% |
| 2021 | $2,600 +13.4% | $139,900 +20.3% |
| 2020 | $2,293 -3.8% | $116,280 -1.2% |
| 2019 | $2,383 -5.4% | $117,750 -1.2% |
| 2018 | $2,520 +0.2% | $119,200 +0.5% |
| 2017 | $2,515 +16.9% | $118,600 +16.9% |
| 2016 | $2,151 +45.9% | $101,440 -6.6% |
| 2015 | $1,474 | $108,650 +58.1% |
| 2014 | $1,474 | $68,720 +99% |
| 2010 | -- | $34,540 +0.1% |
| 2009 | -- | $34,500 +10% |
| 2008 | -- | $31,360 -9.2% |
| 2007 | -- | $34,540 +17.9% |
| 2006 | -- | $29,300 |
| 2005 | -- | $29,300 +36.8% |
| 2004 | -- | $21,420 |
| 2003 | -- | $21,420 |
| 2002 | -- | $21,420 |
| 2001 | -- | $21,420 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 77355
Nearby schools
GreatSchools rating
- 7/10Magnolia Intermediate SchoolGrades: 5-6Distance: 0.8 mi
- 7/10Magnolia Junior High SchoolGrades: 7-8Distance: 0.9 mi
- 5/10Magnolia West High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Magnolia Elementary School (Magnolia)
- Middle: Magnolia Junior High School
- High: Magnolia West High School
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $280,200-- bd2 ba1.8k sqft31602 Old Hempstead Rd, Magnolia, TX 77355Off Market
- $249,700-- bd2 ba1.4k sqft31618 Old Hempstead Rd, Magnolia, TX 77355Off Market
- $254,800-- bd-- ba2.4k sqft31630 Old Hempstead Rd, Magnolia, TX 77355Off Market
- $168,600-- bd1 ba1k sqft31703 Old Hempstead Rd, Magnolia, TX 77355Off Market
- $1,500,0007 bd6 ba4k sqft31710 Old Hempstead Rd, Magnolia, TX 77355For Sale By Owner
- $215,100-- bd-- ba924 sqft31810 Old Hempstead Rd, Magnolia, TX 77355Off Market
- $1,792,400-- bd-- ba14k sqft31815 Old Hempstead Rd, Magnolia, TX 77355Off Market
- $482,6003 bd2 ba2k sqft31705 Old Hempstead Rd, Magnolia, TX 77355Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $1,250,0009.68 AcresFm 1488, Magnolia, TX 77355Active
MLS ID #2717968, Katy Smith, TX Rec Land Real Estate. Unlock MLS - $1,250,0009.68 Acres0 Fm 1488 Rd, Magnolia, TX 77355Lot/Land
MLS ID #10185083, Katy Smith, TX Rec Land Real Estate. HAR - $1,800,00022.899 Acres38910 Fm 1774 Rd, Pinehurst, TX 77355Lot/Land
MLS ID #50280788, Jeremy Larkin, Keller Williams Realty The Woodlands. HAR - $1,335,6501.533 Acres17230 Fm 1488 Rd, Magnolia, TX 77354Lot/Land
MLS ID #6514031, Frank Lenk, Frank Andrew Lenk III. HAR - $1,900,0009.2 Acres27141 Nichols Sawmill Rd, Magnolia, TX 77355Lot/LandMLS ID #12360556, Darrell Cooper, Jane Byrd Properties International LLC. HAR
- $1,515,9808.456 Acres18903 Veterans Rd, Magnolia, TX 77355Lot/LandMLS ID #47159478, James Homeyer, Keller Williams Premier Realty. HAR
- $1,183,7864.534 Acres37121 Fm 1774 Rd, Magnolia, TX 77355Lot/LandMLS ID #52387337, Mansur Hussain, Hutaib USA. HAR
- $1,162,5001.85 Acres17308 Fm 1488 Rd, Magnolia, TX 77354Lot/LandMLS ID #32909385, Chet Polniazek, 1st Texas Realty Services. HAR
- $1,150,00032.5 AcresLittle John St, Montgomery, TX 77316Lot/LandMLS ID #48483968, Robert Findley, Realty Insight. HAR
- $1,925,0009.52 Acres0 Dobbin Huffsmith Rd, Magnolia, TX 77354Lot/LandMLS ID #25368096, Enrique Rosales, AQUI Realty. HAR
- $1,450,0007 Acres0 Hopfe Rd, Hockley, TX 77447Lot/LandMLS ID #43602701, Wendy Cline, Wendy Cline Properties Group. HAR
- $2,200,0003.594 Acres7588 Red Bay Cir, Magnolia, TX 77354Lot/LandMLS ID #19544233, David Medina, Connect Realty.com. HAR
- $1,999,99929.361 Acres7443 County Road 302, Plantersville, TX 77363Lot/LandMLS ID #93885836, Alisa Story, Olde Homestead Properties of T. HAR
- $2,300,00067.963 Acres21948 Stillwater Blvd, Montgomery, TX 77316Lot/LandMLS ID #5110922, Robert Gonzales, Compass RE Texas, LLC - The Woodlands. HAR
- $1,095,00010 Acres24904 Macedonia Rd, Hockley, TX 77447Lot/LandMLS ID #51352510, Andrea Keiller, eXp Realty LLC. HAR
- $1,883,09814.41 Acres0 Binford Rd, Waller, TX 77484Lot/LandMLS ID #81139052, Mark McLafferty, Coldwell Banker Properties. HAR
- $1,502,7865.75 Acres10978 Oak Forest Dr, Plantersville, TX 77363Lot/LandMLS ID #53588920, Mansur Hussain, Hutaib USA. HAR
- $2,250,00015.715 Acres0 Stella Ln, Tomball, TX 77375Lot/LandMLS ID #6417509, Malek Bohsali, Value Realty, Inc. HAR
- $2,606,00065.382 AcresOld Highway 105 W, Plantersville, TX 77363Lot/LandMLS ID #42116086, Larry Jacobs, Jacobs Properties. HAR
- $1,899,00011.002 Acres0 Knebel Rd, Waller, TX 77484Lot/LandMLS ID #37467626, Shabeeb Anwar, REALM Real Estate Professionals - Sugar Land. HAR
