For sale

$349,900

Est. $2,455/mo

Land

•

0.65

acre (lot)

114 - 118 Commerce St, Magnolia, TX 77355

About this home

Prime opportunity in the heart of "Old Magnolia" to own 8 city lots backing to the end of the Stroll. This property offers approximately 28,560 sf, measuring 240' X 119'. The adjacent property at 122 Commerce is also available (ML# 44737282) offering an additional 2 city lots. Both listings together offer half a city block of prime opportunity for your next venture. Both tracts would total approx 35,880 SF or 0.82 of an acre. The properties are zoned for the Town Center, featuring retail or restaurant businesses. (Exceptions would be up to the purchaser to verify with the City of Magnolia.) Don't miss this chance to continue the legacy of Old Magnolia and enhance these properties ready for new life. This is a highly traveled area near multiple Magnolia School campuses and an apartment complex. (Please do not attempt to enter structures on this property. Structures are a tear down at buyer's expense.)

Vacant landProperty Type

0.65 acresLot Size

$538,308Price/Acres

Listed by Angela Knee Hahn • Carswell Real Estate Co. Inc.

Listing updated: Oct 2, 2026 at 06:47pm

Redfin checked: 2 minutes ago

•Source:HARMLS #15080134

Payment calculator

$2,455 per month

Principal and interest$1,933

Property taxes

$321

HOA dues

Home insurance

$201

Utilities

Add

Affordability tools

See this home in person

Open houses

No upcoming open houses.

Nearby open houses (10)

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3 beds2 baths1,975 sq ft
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4 beds2.5 baths2,003 sq ft
229 Elm Spring Dr, Hockley, TX 77447
OPEN SAT, 12PM TO 2PM
$399,000
3 beds2 baths2,013 sq ft
414 N Pecan Dr, Tomball, TX 77375
OPEN SAT, 12PM TO 4PM
$389,000
4 beds3 baths2,561 sq ft
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OPEN SAT, 1PM TO 4PM
$210,000
3 beds2 baths1,395 sq ft
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4 beds2.5 baths2,978 sq ft
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OPEN SUN, 1PM TO 4PM
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40873 Wesson Ln, Magnolia, TX 77354

Around this home

Schools

K - 12
Preschool & daycare

Magnolia Elementary School

Public PreK-4 • Assigned • 0.1mi

6/10

Magnolia Junior High School

Public 7-8 • Assigned • 0.6mi

7/10

Magnolia West High School

Public 9-12 • Assigned • 1.4mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Property details

Exterior

Exterior features
Partially wooded parcel
Cleared areas
Corner lot
Open lot
Asphalt road frontage
Additional parcels included

Home design
Land parcel

Construction
Property classified as land

Utilities
Public water available
Public sewer available
Cable available
Electricity available
Natural gas available
Phone service available

Sale and tax history for 114 - 118 Commerce St

Sale History
Tax History

Date

Event

Price

HARMLS #15080134

Sep 30, 2026

Listed

$349,900

HARMLS #9901805

Dec 5, 2025

Listing Removed

—

Mar 31, 2025

Price Changed

$360,000

Jan 20, 2025

Listed

$550,000

HARMLS #80912529

Sep 6, 2024

Listing Removed

—

Mar 7, 2024

Listed

$350,000

HARMLS #52301606

Mar 5, 2024

Listing Removed

—

Oct 23, 2023

Price Changed

$399,000

Sep 8, 2023

Listed

$410,000

HARMLS #22800012

Aug 19, 2023

Listing Removed

—

Jun 10, 2023

Price Changed

$475,000

Feb 20, 2023

Listed

$485,000

HARMLS #62182338

Jul 28, 2022

Listing Removed

—

May 17, 2022

Price Changed

$549,000

Jan 28, 2022

Listed

$599,000

Year

Property tax

Land + Additions

Assessment*

2026

$1,067

$43,200 + $15,798

$58,998

2025

$1,067 (+11.2%)

$43,200 + $15,797

$58,997

2024

$960 (−1.0%)

$43,200 + $9,131

$52,331

2023

$969 (−12.4%)

$43,200 + $8,530

$51,730

2022

$1,107 (+269.0%)

$43,200 + $8,530

$51,730

2021

$300 (−6.7%)

$7,200 + $6,050

$13,250

2020

$321 (+4.7%)

$7,200 + $6,050

$13,250

2019

$307 (−3.6%)

$7,200 + $5,140

$12,340

2018

$319 (−0.4%)

$7,200 + $5,140

$12,340

2017

$320 (−3.1%)

$7,200 + $5,140

$12,340

2016

$330 (−0.6%)

$7,200 + $5,140

$12,340

2015

$332 (−0.3%)

$7,200 + $5,600

$12,800

2014

$333 (+30.7%)

$7,200 + $5,600

$12,800

2013

$255 (−0.2%)

$7,200 + $5,600

$12,800

2012

$255 (−0.2%)

$7,200 + $2,410

$9,610

2011

$256 (+8.5%)

2009

$235

Public record

Public record
Zoning
Permits

Beds

—

Baths

Stories

Lot width

—

Lot depth

—

Lot size

7,200 Sq. Ft.

Year renovated

1960

Finished Sq. Ft.

416

Unfinished Sq. Ft.

—

Total Sq. Ft.

416

Year built

1950

Style

Single Family Residential

County

Montgomery County

APN

000000338508

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 3, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.31% chance of being in a wildfire in next 30 years

9/10 Heat Factor

7 days above 111° expected this year, 24 days in 30 years

8/10 Wind Factor

99% chance of strong winds in next 30 years

2/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Magnolia, TX • 77355

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

97/ 100

Exceptional sunlight

Sunscore

This home receives average direct sun exposure in Magnolia. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.6 hrs

6.7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 114 - 118 Commerce St

$323,398

$27K under list price of $350K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $225K to $335K.

SOLD FEB 11, 2026
$270,000 Last sold price
3 beds2 baths1,808 sq ft
154 Bellewood Manor Dr, Magnolia, TX 77354
smaller lot
SOLD SEP 4, 2026
$315,000 Last sold price
3 beds2 baths1,260 sq ft
32117 Old Hempstead Rd, Magnolia, TX 77355
larger lot
SOLD AUG 3, 2026
$235,000 Last sold price
3 beds2 baths1,363 sq ft
221 Country Crossing Cir, Magnolia, TX 77354
smaller lot
SOLD AUG 24, 2026
$225,000 Last sold price
3 beds2 baths1,636 sq ft
328 Cumberland Forest Dr, Magnolia, TX 77354
smaller lot
SOLD SEP 4, 2026
$334,900 Last sold price
4 beds3 baths2,274 sq ft
519 High Holly Cir, Magnolia, TX 77354
smaller lot
SOLD JUL 6, 2026
$245,000 Last sold price
3 beds2 baths1,611 sq ft
214 Amarillo Dr, Magnolia, TX 77354
smaller lot

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