Property summary
This exceptional 5.063-acre commercial land parcel presents a unique investment opportunity in the thriving city of Hobbs, New Mexico. Located on TBD N Grimes Street, this property boasts a highly desirable location with excellent visibility and high traffic counts, making it ideal for a wide range of commercial developments. The expansive lot size offers ample space for construction of a large-scale commercial building, or the potential for subdivision into smaller lots for multiple businesses. Situated in Lea County, with a zip code of 88240, this property benefits from convenient access to major transportation routes and a robust local economy. The asking price for this prime commercial land is $390,000. Given its size, location, and high visibility, this property represents a significant opportunity for investors seeking to capitalize on the growing commercial sector in Hobbs. The property's coordinates are 32.7481037 latitude and -103.1449192 longitude, allowing for easy location verification and site planning. Serious inquiries are encouraged to explore the full potential of this remarkable commercial land offering. This is a rare opportunity to acquire a substantial tract of land in a prime commercial location within a dynamic and growing market. Don't miss out on this chance to secure a valuable asset in a thriving New Mexico community.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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