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Prime Retail Space in Hobbs
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118 N Turner Street, Hobbs, NM 88240

9000 sq ft retail space in Hobbs' central business district.

Property Size9,000 SF
Price / SF$66.67
Days on Market757

Property Features for 118 N Turner Street

General Information

Standard status Active
Size 9,000 SF
Property subtype Retail
Listing Agency: Berkshire Hathaway Home Services Enchanted Lands - Roswell
Listed By: Bill Davis
Source: Crexi
Added: Jul 27, 2024 Changed: Aug 16 Last Checked: Aug 21 at 5:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Home Services Enchanted Lands - Roswell

Investment Insights

Based on property information with market context.

Located in the central business district of Hobbs, New Mexico, this retail property offers approximately 9000 square feet of space suitable for various business sizes. The building's layout and location make it potentially suitable for a range of commercial uses. Previously used as a salon, the property could be adapted for use as a medical office, salon, or massage parlor.

Key Highlights

  • Located in the central business district of Hobbs, New Mexico.
  • Approximately 9000 square feet of space.
  • Suitable for small to large businesses.

Property Analytics

Current Use

New Creation Apostolic ... Church Bright House Telecommunications Service New Creation Apostolic ... High School

Suggested Use

Top Pick Real Estate Agency Dental Office Kitchen & Bath Showroom Storage Facility Nail Salon Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

848
Businesses Nearby
12k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 94% Home Improvements & Furnishings 6%
Family Dollar Shops & Services
5,987 visits/mo 0.3 miles
Allsups Shops & Services
5,294 visits/mo 0.5 miles
Buddy's Home Furnishings Home Improvements & Furnishings
721 visits/mo 0.3 miles

Demographics for 88240, NM

42,386
Population
16,490
Households
2.6
Avg Household Size
31
Median Age
17%
College-Educated
76%
High-School Grad
600.2 sq mi
ZIP Area
71
Density / Sq Mi
$65,394
Median Household Income
$37,178
Median Earnings
$1,124
Median Rent
$177,200
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - 9000 sq ft retail space in Hobbs' central business district.
Where is this retail space located?
The property is located at 118 N Turner Street Hobbs, NM.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Located in the **central business district** of Hobbs, New Mexico.; Approximately **9000 square feet** of space.; Suitable for small to large businesses.
(575) 420-6300 Call to check price and availability
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