Rare development or custom project opportunity on a prime 6,000 sq. ft. level corner lot with alley access, directly adjacent to Magnolia’s 534-acre Discovery Park. Tucked on a quiet, tree-lined street just steps from local grocery stores, dining, and transit lines, this versatile property offers immediate charm and long-term potential. Marketed primarily for its value-in-land, a pre-completed development feasibility study is available, outlining a 4-unit townhouse concept featuring spacious floor plans over 2,000 sq. ft. each with dedicated one-car garages. Attached site plan, survey, PAR, arborist report, and WAC documentation are available upon request to accelerate your due diligence. The existing 2-bedroom, 1-bath classic bungalow presents a sunny, fully fenced backyard with fruit trees and garden space—ideal as a rental during permitting, a candidate for a full renovation with a DADU, or a clean slate for complete redevelopment. Whether you are an investor, builder, or creative homeowner, this exceptional location provides the perfect balance of serene natural surroundings and seamless access in the heart of Magnolia.