Property summary
This exceptional 15,750 square foot commercial land parcel, located at 110 E Broadway Street in the heart of Downtown Hobbs, New Mexico, presents a unique investment opportunity. Built in 1985, the property offers a versatile canvas for a variety of commercial ventures. While currently featuring an existing structure with an open concept office, a custom-built walk-in humidor, three spacious suites each equipped with individual office spaces and conference rooms, a second-floor open concept area, and ample storage, the property's true potential lies in its adaptability. The existing building also includes a custom apartment living space, complete with two bedrooms, one bathroom, a large walk-in closet, an upstairs kitchen, and a living area. This presents an additional income stream or the possibility for owner-occupancy. Situated in Lea County, with a zip code of 88240, this property boasts a highly visible location in a thriving downtown area, offering excellent accessibility and exposure. The expansive lot size provides ample space for expansion, redevelopment, or the construction of a new commercial building entirely tailored to your specific needs. This property is a rare find and represents a significant opportunity for investors and entrepreneurs alike.
Property profile
VerifiedCap rate & NOI
Current use
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Gym & Fitness Center
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Law Firm
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
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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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