Lot/land

Price cut: $200K (8/31)

$1,500,000

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

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!

188 days
27
0

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

Price history

Date	Event	Price
8/31/2026	Price change	$1,500,000-11.8%
Source: HAR #63265998 Report a problem
8/25/2026	Price change	$1,700,000-5.6%
Source: HAR #63265998 Report a problem
7/29/2026	Price change	$1,800,000-9.8%
Source: HAR #63265998 Report a problem
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