6801 Nm Hwy Hobbs, NM 88240
- Specialty properties
Current Use by Public Records
- Specialty properties
Property Details for 6801 Nm Hwy
- Year built
- 1955
- Property type
- Specialty properties
Description
This unique 1.12-acre property in Hobbs, New Mexico, presents a compelling investment opportunity. Located at 6801 S Nm Highway 8, this special-purpose property boasts a diverse range of features ideal for a variety of uses. The main structure, a roughly 30 x 40 foot building, previously served as a grocery store, offering significant potential for redevelopment or repurposing. The property also includes fourteen lots, providing ample space for expansion or additional development. Adding to its versatility, the site includes hookups for two mobile homes, catering to residential needs or temporary housing for workers. A large workshop is also present, providing valuable storage or workspace. Built in 1955, this property offers a blend of established infrastructure and significant development potential. The asking price is $195,000. This property is situated in Lea County, New Mexico, with convenient access to Hobbs and its surrounding areas. Its size and existing structures make it suitable for a range of commercial or residential ventures, offering a unique opportunity for investors seeking a flexible and adaptable property. The property's location and existing infrastructure provide a solid foundation for future growth and development. This is a rare opportunity to acquire a substantial property with significant potential in a growing area.
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
- Hobbs
- County
- Lea
- State
- New Mexico
- Longitude
- -103.265
- Latitude
- 32.5898
