Property summary
This exceptional commercial property, located at 414 W Taylor Street in Hobbs, New Mexico, presents a unique investment opportunity. The property consists of a 21,780 square foot lot (APN: 4000151540001) and is currently improved with a single-tenant office building of 4,000 square feet. The property's classification is Land and Office, suitable for a variety of commercial uses. Its single-tenant occupancy offers stability and potential for future growth. Situated in Hobbs, NM, zip code 88240, this location benefits from excellent accessibility and visibility. The property's size and zoning make it ideal for expansion or redevelopment, catering to a range of business needs. The property's strategic location within Hobbs offers easy access to major transportation routes and a thriving local economy. This presents a compelling opportunity for investors seeking a stable, single-tenant property with significant upside potential. The property's existing structure provides immediate income generation, while the ample land offers flexibility for future development or expansion. Detailed information on zoning and permitted uses is available upon request. This is a rare opportunity to acquire a well-located commercial property in a growing market.
Property profile
VerifiedCap rate & NOI
Current use
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Sustainability Organization
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Public Health Department
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Building Supply
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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