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Arkansas Junction, NM 88240

For Sale
$1,829,520

Prime Lea County land, ideal for development.

Description

Added:
Dec 11, 2024
Days on Market:
361
This 4.2-acre parcel of land is located in Hobbs, New Mexico, within Lea County, at 000 Lot 2, zip code 88240 (latitude 32.6702606, longitude -103.4049445). The asking price for this property is $1,829,520. Situated in a rapidly expanding area, this land offers exceptional potential for various commercial developments. Its strategic location provides high visibility and accessibility, being situated right off the Lovington Highway, offering exposure to traffic from both the east and west. The surrounding area boasts significant infrastructure, including the CORE Center of Recreational Excellence, the new Covenant Hospital, Zia Park Racetrack and Casino, Lea County Event Center, and New Mexico Junior College. This prime location makes it particularly well-suited for restaurants and fast-food establishments, though other commercial ventures are also viable. The property's size and location present a compelling opportunity for investors seeking to capitalize on the growth and development within Lea County. This is a rare opportunity to acquire a substantial land parcel in a thriving commercial area. The property is ready for immediate development.

Property Features for 0

General Information

Property type
Land
Lot Size
182,952 SF

HighLights

  • $1,829,520 asking price.
  • 4.2‑acre land parcel.
  • Located in Hobbs, Lea County, New Mexico, zip code 88240.
  • Excellent location near CORE Center, Covenant Hospital, Zia Park, and Lea County Event Center.
  • High visibility on Lovington Highway, ideal for restaurants or fast food.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Arkansas Junction
County
Lea
State
New Mexico
Longitude
-103.4049445
Latitude
32.6702606

FAQs

What type of property is this?
Land - Prime Lea County land, ideal for development.
Where is this land located?
The property is located at Arkansas Junction, NM.
What is the asking price?
The asking price for this property is $1,829,520.
What are key features of this property?
This property features: $1,829,520 asking price.; 4.2-acre land parcel.; Located in Hobbs, Lea County, New Mexico, zip code 88240.
More about this property
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