Arkansas Junction, NM 88240
- Land
- 6.30 lot acres
Current Use by Public Records
- Land
Property Details
- Lot size
- 6.30 lot acres
- Property type
- Land
Description
This exceptional 6.3-acre lot, identified as Lot 17, presents a remarkable investment opportunity in the rapidly expanding Lea County, New Mexico. Located at the intersection of Suerte Drive and Synergy Park Blvd in Hobbs, NM (zip code 88240), this prime corner property boasts unparalleled accessibility and visibility. The area is experiencing significant growth, surrounded by key establishments 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 various development projects. The expansive lot size is particularly well-suited for large-scale developments such as multi-family residential complexes or "big box" retail establishments, providing ample space for building construction and extensive parking. The asking price for this property is $2,195,424. While currently sized at 6.3 acres, the possibility exists for customization to accommodate larger development needs. This presents a unique chance to secure a prominent location in a thriving community poised for continued expansion. Don't miss this opportunity to acquire a piece of New Mexico's burgeoning commercial landscape.
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
