Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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