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    1120 Brittany St Arkansas Junction, NM 88240

    For Sale
    $316,245

    Build-Ready Lot in Westminster Hollow

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.21-acre lot, located at 1120 W Brittany Street in Hobbs, New Mexico, presents a unique opportunity for development. Situated in the desirable Westminster Hollow neighborhood, just north of Brittany Street, this property offers a prime location for building in a well-established area. The asking price is $316,245. The lot's size provides ample space for a variety of construction projects, allowing for significant design flexibility. The property is conveniently located in Lea County, with the zip code 88240. Its geographical coordinates are 32.6702606 latitude and -103.4049445 longitude. This land is classified as vacant land, ideal for new construction. Restrictive covenants are in place and available in the associated documents, providing guidelines for development and ensuring the maintenance of neighborhood standards. This presents a compelling investment opportunity for those seeking to build in a thriving community with established infrastructure and a desirable residential setting. The property is ready for immediate development, making it an attractive option for builders and investors alike. Serious inquiries are encouraged to explore this exceptional land opportunity further. Contact us today to learn more about this prime piece of real estate in Hobbs, New Mexico.

    Property Features for 1120 Brittany St

    General Information

    Property type
    Land
    Lot Size
    52,708 SF

    HighLights

    • 1.21‑acre vacant lot in desirable Westminster Hollow neighborhood of Hobbs, NM.
    • Asking price: $316,245.
    • Ample space for diverse construction projects.
    • Located in Lea County, NM (zip code 88240).
    • Ready for immediate development.
    • Restrictive covenants in place.
    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

    Nearby Comparable

    • $440,000

      608 S Commerce Street

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    • $653,400
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      Hobbs, NM Commercial Land Opportunity

      1.5-acre lot, prime Lea County location
      Arkansas Junction, NM 88240
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    • $120,155

      Hobbs, NM Land - Prime Location

      14,374.8 sq ft lot, build-ready.
      1203 Cambridge St, Arkansas Junction, NM 88240
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    • $5,868,838
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      Prime Lea County Commercial Land

      29.94 Acres, $5.8M Asking Price
      0 Tbd Lovington Hobbs, Arkansas Junction, NM 88240
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    • $1,829,520
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      Hobbs, NM Land - 4.2 Acres

      Prime Lea County land, ideal for development.
      Arkansas Junction, NM 88240
      View Details

    FAQs

    What type of property is this?
    Land - Build-Ready Lot in Westminster Hollow
    Where is this land located?
    The property is located at 1120 Brittany St Arkansas Junction, NM.
    What is the asking price?
    The asking price for this property is $316,245.
    What are key features of this property?
    This property features: 1.21-acre vacant lot in desirable Westminster Hollow neighborhood of Hobbs, NM.; Asking price: $316,245.; Ample space for diverse construction projects.
    (575) 392-1000
    Request Owner's contact information
    1120 Brittany St Arkansas Junction, NM 88240
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    Arkansas Junction, 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
    1120 Brittany St Arkansas Junction, NM 88240
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