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
$1,999,500
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
- 20 days |
- 54 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: March 07, 2026 at 06:55am
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
Estimated market value
Not available
Estimated sales range
Not available
$1,622/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Listed for sale | $1,999,500 |
Source:  HAR #63265998 Report a problem | ||
Public tax history
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
BuyAbility℠ payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Neighborhood: 77355
Nearby schools
GreatSchools rating
- 6/10Magnolia Intermediate SchoolGrades: 5-6Distance: 0.8 mi
- 6/10Magnolia 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.
Local experts in 77355
- Texas
- Montgomery County
- Magnolia
- 77355
- 31608 Old Hempstead Rd
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Nearby zip codes
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