Arkansas Junction, NM 88240
- Land
- 4.20 lot acres
Current Use by Public Records
- Land
Property Details
- Lot size
- 4.20 lot acres
- Property type
- Land
Description
This 4.2-acre parcel of land is located in Hobbs, New Mexico, within Lea County, at 000 Lot 2, zip code 88240 (latitude 32.6702606, longitude -103.4049445). The asking price for this property is $1,829,520. Situated in a rapidly expanding area, this land offers exceptional potential for various commercial developments. Its strategic location provides high visibility and accessibility, being situated right off the Lovington Highway, offering exposure to traffic from both the east and west. The surrounding area boasts significant infrastructure, including the CORE Center of Recreational Excellence, the new Covenant Hospital, Zia Park Racetrack and Casino, Lea County Event Center, and New Mexico Junior College. This prime location makes it particularly well-suited for restaurants and fast-food establishments, though other commercial ventures are also viable. The property's size and location present a compelling opportunity for investors seeking to capitalize on the growth and development within Lea County. This is a rare opportunity to acquire a substantial land parcel in a thriving commercial area. The property is ready for immediate development.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arkansas Junction
- County
- Lea
- State
- New Mexico
- Longitude
- -103.405
- Latitude
- 32.6703
