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Property profile & analytics
OFF-MARKET
Commercial real estate

4640 Lovington Hwy Hobbs, NM 88240

2.3 ac lot
Property ID
US61-0679584
Property summary
AI-generated overview

This exceptional 2.3-acre land parcel presents a remarkable investment opportunity in a high-traffic area of Hobbs, New Mexico. Situated at 4640 N Lovington Highway, this property boasts unparalleled visibility due to its location on a heavily traveled thoroughfare. The strategic placement offers significant advantages for a variety of commercial ventures. The land is conveniently located south of the new Covenant Hospital, enhancing its appeal to businesses seeking proximity to healthcare facilities. Furthermore, its proximity to multiple hotels, Zia Park Casino, and the Core Family Wellness Center ensures high foot traffic and a diverse customer base. The zoning allows for a wide range of commercial uses, including retail establishments, office spaces, medical facilities, and restaurants. This prime location offers exceptional potential for developers and investors seeking a high-visibility site with strong growth prospects in a thriving community. The property's 2.3-acre size provides ample space for development, allowing for flexibility in design and scale. The asking price for this exceptional property is $1,202,256. This represents a significant opportunity to acquire a strategically located land parcel in a rapidly growing area of Lea County, New Mexico, with a zip code of 88240. The coordinates for this property are 32.7531364 latitude and -103.1726652 longitude.

Property profile
Verified
Property type Commercial real estate
Lot 2.3 ac (100,188 SF)
UPID US61-0679584
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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