Arkansas Junction, NM 88240
- Land
- 8.60 lot acres
Current Use by Public Records
- Land
Property Details
- Lot size
- 8.60 lot acres
- Property type
- Land
Description
This exceptional 8.6-acre land parcel presents a compelling investment opportunity in the rapidly expanding Hobbs, New Mexico market. Located in Lea County at 000 Lot 10, with a zip code of 88240 and coordinates 32.6702606, -103.4049445, this property offers significant potential for various development projects. The area is experiencing substantial growth, boasting proximity to key amenities including the CORE Center of Recreational Excellence, the new Covenant Hospital, Zia Park Racetrack and Casino, and the Lea County Event Center. New Mexico Junior College (NMJC) is also conveniently located nearby. This strategic location ensures high visibility and accessibility. Lots 10 and 11, of which this is one, are particularly well-suited for multi-family developments such as townhomes or apartments, though the property is customizable to accommodate diverse development plans. The asking price for this remarkable property is $2,996,928. This represents a unique chance to capitalize on the burgeoning growth of Hobbs and Lea County. The property is currently available for purchase and offers the flexibility to adjust lot size to meet specific development requirements. Don't miss this chance to secure a prime piece of land in a thriving New Mexico community.
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
