0 World Dr, Hobbs, NM 88242

This exceptional 157.56-acre farm and ranch property is located just north of Hobbs, New Mexico, outside the city limits and northeast of Humble City. The land boasts significant water rights, including 153.66 acre-feet, sourced from two irrigation wells drilled to the red bed, each capable of producing over 1,000 gallons per minute. For the past two decades, this productive farmland has been used for cultivating chili, cotton, and corn, with a history of successful alfalfa production exceeding 10 tons per acre annually. Currently leased, this property presents a compelling investment opportunity. Its strategic location offers excellent potential for both residential and commercial development, further enhanced by the availability of 3-phase power on-site. According to the New Mexico State Engineer, the water rights are transferable. The property's rich agricultural history, substantial water resources, and prime location combine to create a rare and valuable asset in the Hobbs, New Mexico area. Detailed information regarding water rights transferability is available upon request. The property is conveniently located near Hobbs, NM, with easy access to major transportation routes.