Hobbs, NM 88240

This 1.2-acre lot, identified as Lot 5, is situated in a rapidly expanding area of Hobbs, New Mexico, within Lea County (zip code 88240). Priced at $522,720, this property presents a significant opportunity for commercial development. Its strategic location offers exceptional visibility due to its proximity to the Lovington Highway, providing exposure to traffic from both east and west. The surrounding area boasts a concentration of established businesses and facilities, including the CORE Center of Recreational Excellence, the new Covenant Hospital, Zia Park Racetrack and Casino, the Lea County Event Center, and New Mexico Junior College. This vibrant environment creates a strong foundation for a variety of commercial ventures. The property's zoning and potential uses should be verified independently. The 1.2-acre size is ideal for restaurants, fast-food establishments, or other commercial developments. This is a rare opportunity to acquire land in a high-growth area with excellent visibility and access. Detailed site plans and surveys are available upon request. The property is ready for immediate development.