Property profile

2201 Marland Blvd Hobbs, NM 88240

OFF-MARKET
Land
1.77 ac lot
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Property summary

AI-generated overview

This exceptional 1.77-acre commercial land parcel, located at 2201 W Marland Boulevard in Hobbs, New Mexico, presents a unique investment opportunity. Previously home to the well-known J&R Goodies, this property boasts significant potential for redevelopment. The expansive lot offers ample space for a variety of commercial ventures, particularly those requiring substantial storage or outdoor space. Its strategic location on West Marland Boulevard ensures high visibility and accessibility. The property's zoning allows for a wide range of uses, making it suitable for restaurants, retail establishments, or other commercial developments. A notable feature is the existing infrastructure at the rear of the property, currently accommodating fourteen recreational vehicles. This could be repurposed or leveraged as part of a future development plan. The asking price for this prime commercial land is $750,000. The property is situated in Lea County, New Mexico, with a zip code of 88240. Its geographic coordinates are 32.6963281 latitude and -103.1622665 longitude. This is a rare opportunity to acquire a substantial commercial property in a thriving New Mexico city. Serious inquiries are encouraged to explore the possibilities of this remarkable site.

Property profile

Verified
Property type Land
Lot 1.77 ac (77,101 SF)

Cap rate & NOI

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

Location

2201 Marland Blvd Hobbs, NM 88240
Hobbs metro
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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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