3 Millen Arkansas Junction, NM 88240
- Land
- 10.53 lot acres
Current Use by Public Records
- Land
Property Details for 3 Millen
- Lot size
- 10.53 lot acres
- Property type
- Land
Description
This exceptional 10.53-acre commercial land parcel presents a remarkable investment opportunity in Hobbs, New Mexico. Strategically located in Lea County, with a convenient address of TBD Tract 3 Millen (South Side), zip code 88240, this property boasts significant frontage on Millen, directly adjacent to the newly developed Covenant site. The expansive lot size provides ample space for a variety of commercial developments, making it ideal for entrepreneurs and investors seeking high-visibility locations. Its prime position offers excellent accessibility and exposure to a substantial customer base. The property's versatility allows for the development of retail spaces, a shopping center, restaurants, or office buildings, catering to the diverse needs of the thriving Hobbs community. The coordinates are 32.6702606 latitude and -103.4049445 longitude. This is a rare chance to acquire a significant tract of land in a rapidly growing area with exceptional potential for substantial returns. The asking price for this exceptional property is $3,669,494. Don't miss this opportunity to secure a prime piece of commercial real estate in a dynamic and expanding market. This property is zoned for commercial use.
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
