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    515 Clinton St Hobbs, NM 88240

    Sponsored
    For Sale
    $70,000

    Prime Corner Lot, 6,750 sq ft

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 6,750 square foot lot, located at 515 E Clinton Street in Hobbs, New Mexico, presents a remarkable opportunity for residential development. Situated in Lea County, zip code 88240, this property boasts a prime corner location, offering excellent visibility and accessibility. The asking price is $70,000. The expansive lot size provides ample space for the construction of a site-built home or a manufactured home, catering to diverse building preferences. Its ideal location within Hobbs makes it an attractive proposition for those seeking a convenient and desirable residential setting. The property's coordinates are 32.706824 latitude and -103.130337 longitude. This is a two-lot property, offering additional space and potential. This is a rare opportunity to acquire a sizable, well-positioned lot in a growing community. The land is ready for immediate development, making it an attractive investment for builders, developers, or individuals looking to build their dream home. Don't miss this chance to secure this prime piece of real estate in Hobbs, New Mexico. Serious inquiries are encouraged.

    Property Features for 515 Clinton St

    General Information

    Property type
    Land

    HighLights

    • 6,750 SF lot in Hobbs, NM, Lea County (zip code 88240).
    • Prime corner location offering excellent visibility and accessibility.
    • Asking price: $70,000.
    • Suitable for site‑built or manufactured home.
    • Two‑lot property.
    • Ready for immediate development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hobbs
    County
    Lea
    State
    New Mexico
    Longitude
    -103.130337
    Latitude
    32.706824

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    FAQs

    What type of property is this?
    Land - Prime Corner Lot, 6,750 sq ft
    Where is this land located?
    The property is located at 515 Clinton St Hobbs, NM.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: 6,750 SF lot in Hobbs, NM, Lea County (zip code 88240).; Prime corner location offering excellent visibility and accessibility.; Asking price: $70,000.
    Request Owner's contact information
    515 Clinton St Hobbs, NM 88240
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    Hobbs, NM 88240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 Clinton St Hobbs, NM 88240
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