Arkansas Junction, NM 88240
- Land
- 1.80 lot acres
Current Use by Public Records
- Land
Property Details
- Lot size
- 1.80 lot acres
- Property type
- Land
Description
This 1.8-acre commercial lot in Hobbs, New Mexico, presents a unique investment opportunity. Located in Lea County at 000 Lot 23, this property boasts a highly desirable corner location at the intersection of Millen and Synergy Park, ensuring high visibility and accessibility. The lot is situated in a rapidly developing area, surrounded by significant landmarks and facilities 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 strategic location offers exceptional potential for a variety of commercial ventures, such as a coffee shop, retail establishment, or fast-food restaurant. The high volume of both drive-by and walk-in traffic, further enhanced by a planned neighboring hotel and the CORE building directly across the street, makes this lot particularly attractive. The asking price for this exceptional property is $784,080. The property's zip code is 88240. This is an excellent chance to capitalize on the growth and development within Lea County. The property is zoned for commercial use. Serious inquiries are encouraged.
Value Estimation
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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
