Arkansas Junction, NM 88240
- Land
- 1.40 lot acres
Current Use by Public Records
- Land
Property Details
- Lot size
- 1.40 lot acres
- Property type
- Land
Description
This 1.4-acre lot, identified as Lot 16, is located in Hobbs, New Mexico, within Lea County (zip code 88240). Offered at $609,840, this property presents a significant opportunity for developers. The land is situated in a rapidly expanding area, offering convenient access to numerous established amenities. Nearby key facilities include the CORE Center of Recreational Excellence, the new Covenant Hospital, Zia Park Racetrack and Casino, Lea County Event Center, and New Mexico Junior College (NMJC). The lot's strategic interior location within the development places it just west of the planned City Sports complex, City Park, and a pond. This prime location makes it highly suitable for a variety of commercial developments, including but not limited to retail spaces, office parks, and childcare facilities. The property's proximity to established infrastructure and significant community assets makes it an attractive investment for those seeking to capitalize on the growth of this dynamic area of Lea County. The coordinates for this property are 32.6702606 latitude and -103.4049445 longitude.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arkansas Junction
- County
- Lea
- State
- New Mexico
- Longitude
- -103.405
- Latitude
- 32.6703
