Arkansas Junction, NM 88240
- Land
- 1.30 lot acres
Current Use by Public Records
- Land
Property Details
- Lot size
- 1.30 lot acres
- Property type
- Land
Description
This 1.3-acre lot, identified as Lot 15, is located in Hobbs, New Mexico, within Lea County, zip code 88240 (latitude 32.6702606, longitude -103.4049445). The asking price for this property is $566,280. Situated in a rapidly expanding area, this parcel offers exceptional potential for various commercial ventures. Its strategic location places it near significant 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. The property is conveniently positioned within a developing area, just west of a planned City Sports complex, City Park, and pond. This advantageous location makes it suitable for a range of commercial uses, such as retail establishments, office parks, or childcare facilities. The property is part of a larger land offering, with other adjacent lots also available. This presents a unique opportunity for investors and developers seeking a prime location in a thriving New Mexico community. The property is classified as land and is not accompanied by any existing buildings or structures.
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
- Arkansas Junction
- County
- Lea
- State
- New Mexico
- Longitude
- -103.405
- Latitude
- 32.6703
