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.
Make a winning offer with the help of a local agent
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
6/10
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
1
Stories
1
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 Oct 23, 2026.
TC
Town Center District
This district is for the area along and around The Stroll, which is intended as a walkable retail shopping and entertainment area with a unique character.
Permitted uses
Include but are not limited to:
General retail
Restaurant
Jul 9, 1996 • Final
Development
Construct a new single-family home as a standalone structure.
New construction
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
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)
61
40
71
49
80
57
82
64
86
68
91
75
93
75
93
74
91
69
87
62
78
55
68
49
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
$320,576
$29K under list price of $350K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $219K to $550K.