0 County Rd, Hobbs, NM 88240
This exceptional 160-acre parcel of vacant land presents a unique investment opportunity in Hobbs, New Mexico. Located off West County Road in Lea County, this expansive property offers significant potential for various development projects. The land is currently undeveloped, providing a blank canvas for creative vision. With its substantial acreage, the property is ideal for a range of uses, from agricultural pursuits to potential commercial or residential development, subject to local zoning regulations. The asking price is $800,000. The property's location in Hobbs, NM, offers convenient access to essential amenities and infrastructure. Detailed surveys and environmental assessments may be required for specific development plans. Prospective buyers are encouraged to conduct their own due diligence to determine the suitability of the land for their intended purpose. This is a rare opportunity to acquire a large tract of land in a growing area of New Mexico. The property's size and location make it an attractive investment for those seeking significant land holdings in a strategic location. The zip code for this property is 88240. The coordinates are latitude 32.6891713 and longitude -103.1793685. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.