Property profile

0 Lovington Hwy Hobbs, NM 88242

OFF-MARKET
Land
6.85 ac lot
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Property summary

AI-generated overview

This exceptional 6.85-acre commercial property is situated on Lovington Highway in Hobbs, New Mexico. Its prime location offers high visibility and convenient access to major transportation routes, making it ideal for a variety of commercial ventures. The level topography simplifies development, while readily available utilities streamline the construction process. Ample space allows for extensive parking and building footprints. The property's strategic placement amongst established businesses ensures significant traffic flow and potential customer base. This presents a unique opportunity for businesses seeking expansion, relocation, or a new establishment in a thriving commercial area. The property's APN is 4000708450001 and is located in Lea County, zip code 88242. The asking price for this valuable commercial land is $350,000. No zoning is currently permitted. This is a rare opportunity to acquire a substantial parcel of land in a high-demand location.

Property profile

Verified
Property type Land
Lot 6.85 ac (298,386 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Lovington Hwy Hobbs, NM 88242
Hobbs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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