Property profile

401 Leech St Hobbs, NM 88240

OFF-MARKET
Commercial real estate
8,400 SF Built 1966
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Property summary

AI-generated overview

This exceptional commercial property, located at 401 S Leech Street in Hobbs, New Mexico, presents a significant investment opportunity. The building boasts a substantial 8,400 square feet of versatile space, ideal for a variety of commercial uses. Situated on a lot with no acreage, the property offers convenient access and ample space for operations. The asking price is $510,000, representing a compelling value for a property of this size and location in the thriving Hobbs market. The building's layout is adaptable to suit diverse business needs, making it an attractive option for entrepreneurs and established companies alike. Its strategic location within Hobbs provides excellent visibility and accessibility, ensuring a strong potential for customer traffic and business growth. The property is ready for immediate occupancy, allowing for a quick start to operations. Further details regarding the building's specific features and potential uses are available upon request. This is a rare opportunity to acquire a substantial commercial property in a dynamic and growing New Mexico city. Don't miss out on this chance to establish or expand your business in a prime location. Serious inquiries are encouraged to explore the full potential of this remarkable commercial offering.

Property profile

Verified
Property type Commercial real estate
Year built 1966
Total area 8,400 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

401 Leech St Hobbs, NM 88240
Hobbs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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