The subject tract is well positioned in the booming metro area of Houston/The Woodlands/Sugarland which ranked 3rd in the nation in population growth from July 2020 to July 2021 according to the U.S Census Bureau. The tract also resides in Montgomery County which ranked as the 8th fastest growing county in the nation for the same time period adding 23,948 citizens. With explosive population growth all around and unbeatable visibility the property poses a great opportunity for an investor to own a sizable portion of valuable frontage along a major thoroughfare with excellent development potential.
The subject tract sits on FM 1488 which is a major thoroughfare cutting through the Woodlands area all the way to Magnolia and beyond. It provides easy access to the back of The Woodlands or Magnolia for commuters taking I-45 from Houston. FM 1488 also intersects with the newly created Hwy 249 Extension which also runs down to the Houston area. Currently the section of FM 1488 in front of the subject property sees an average of 31,000 +/- vehicles per day according to TXDot.
Since 2010, population within a 5-mile radius has exploded by over 40% growing from 49,704 in 2010 to 69,658 in 2022. Current population within a 5-mile radius of the subject property is 69,658 with a projected increase of 11.15% to 77,767 by 2027. Average household income within a 5 mile radius is very attractive at $182,880.