6721 World Dr, Hobbs, NM 88240
This exceptional 4.2-acre commercial land parcel presents a unique investment opportunity in the thriving city of Hobbs, New Mexico. Located at 6721 N World Dr, this property boasts an ideal location within Lea County, offering excellent visibility and accessibility. The asking price is $350,000, representing a compelling value for developers and investors seeking to establish a presence in this dynamic market. The expansive lot size provides ample space for a variety of commercial ventures, from retail establishments and office buildings to industrial facilities or warehousing. Its strategic location within Hobbs ensures convenient access to major transportation routes, a robust workforce, and a growing consumer base. The property's zoning and potential uses should be verified independently with the relevant authorities. This is a blank canvas for your next commercial project, offering significant potential for growth and return on investment. The property is situated in a rapidly developing area of Hobbs, making it an attractive prospect for businesses looking to capitalize on the region's economic expansion. Detailed site plans and surveys are available upon request. Don't miss this chance to acquire a substantial commercial land holding in a prime New Mexico location. The property's address is 6721 N World Dr, Hobbs, NM 88240. Latitude and longitude coordinates are 32.7769012, -103.1962341 respectively.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.