0 Lovington Hwy, Hobbs, NM 88242
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.