Arkansas Junction, NM 88240
- Land
- 5.80 lot acres
Current Use by Public Records
- Land
Property Details
- Lot size
- 5.80 lot acres
- Property type
- Land
Description
This exceptional 5.8-acre commercial lot, identified as Lot 20, is strategically located in Hobbs, New Mexico, within Lea County, at 000 Lot 20, zip code 88240 (32.6702606, -103.4049445). Currently listed at $2,021,184, this property presents a significant investment opportunity in a rapidly expanding area. Its central location in Hobbs places it near key facilities, including the CORE Center of Recreational Excellence, the new Covenant Hospital, Zia Park Racetrack and Casino, the Lea County Event Center, and New Mexico Junior College. This prime location offers excellent visibility and accessibility, making it ideal for a variety of commercial developments. The lot's size is particularly well-suited for "big box" retail establishments, providing ample space for a large building and extensive parking. While currently configured as a 5.8-acre parcel, there is potential for customization to accommodate larger development needs. This presents a unique chance to secure a substantial land holding in a thriving New Mexico community with strong potential for future growth and return on investment. The property is situated on Suerte Drive, placing it at the heart of this dynamic 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
- Arkansas Junction
- County
- Lea
- State
- New Mexico
- Longitude
- -103.405
- Latitude
- 32.6703
