Rash Rd Hobbs, NM 88240
- Land
- 1.43 lot acres
Current Use by Public Records
- Land
Property Details for 0 Rash Rd
- Year built
- 1979
- Lot size
- 1.43 lot acres
- Property type
- Land
Description
This exceptional 1.431-acre commercial land parcel presents a unique investment opportunity in Hobbs, New Mexico. Located at TBD S Rash Road, zip code 88240, this property boasts a fully fenced yard, ideal for various commercial uses. Built in 1979, the land offers convenient access to key transportation routes, including easy access to Marland and Carlsbad Highway (US Highway 62), ensuring excellent connectivity for businesses. The property's location within Lea County provides access to a thriving local economy and a strategic position for regional operations. The expansive lot size provides ample space for development or expansion, making it suitable for a wide range of commercial ventures. This property is priced competitively at $150,000, representing a compelling value proposition for discerning investors seeking a well-situated commercial land asset in a dynamic New Mexico market. The property's existing fencing adds immediate utility and security, reducing initial setup costs for potential buyers. Its strategic location and size make it an attractive option for businesses seeking a prominent presence in Hobbs. The coordinates for this property are 32.6934849 latitude and -103.1644156 longitude. This is a rare opportunity to acquire a sizable, well-located commercial land parcel in a growing area.
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
- Hobbs
- County
- Lea
- State
- New Mexico
- Longitude
- -103.164
- Latitude
- 32.6935
