9300 Knowles Rd Arkansas Junction, NM 88240
- Land
- 80.00 lot acres
Current Use by Public Records
- Land
Property Details for 9300 Knowles Rd
- Lot size
- 80.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 80-acre farm and ranch property presents a rare investment opportunity in Lea County, New Mexico, near Hobbs. Located at 9300 N Knowles Road, Arkansas Junction, zip code 88240 (32.6702606, -103.4049445), this property boasts a custom-updated home featuring a gourmet kitchen complete with granite countertops, a large island, double ovens, a gas cooktop, and custom cabinetry. The open floor plan enhances the spacious feel, complemented by custom cabinetry and lighting throughout. A newly renovated apartment provides additional living space, ideal for family or guests. The property's practicality is further enhanced by multiple barns and outbuildings, providing ample storage and workspace. Agricultural potential is significant, with an irrigation pivot system and approximately 47.8 acres of water rights ensuring consistent productivity. Approximately 1500 pecan trees add to the property's income-generating potential. This turnkey operation offers a unique blend of comfortable living and substantial agricultural capabilities, making it an exceptional investment opportunity. The asking price for this remarkable property is $1,500,000.
Value Estimations
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AI approach
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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