Property summary
This exceptional 2-acre parcel of land in Hobbs, New Mexico, presents a unique opportunity for development. Recently subdivided, this property boasts a newly installed 3-horse pump in the irrigation well, ensuring ample water resources. Partial metal fencing is already in place along the side and front, with poles installed to facilitate the continuation of the fence along the back. The seller is actively completing the fencing between this property and the adjacent residence at 13927 N. La Mesa Street. This land is offered for sale independently, but there is also the option to purchase it in conjunction with the property at 13927 N. La Mesa Street (MLS #20244733), if desired. Located in Lea County, New Mexico, with the address listed as TBD N La Mesa Street, Hobbs, NM 88242 (32.8561489, -103.1686234), this property is priced affordably at $85,000. This makes it an ideal investment for those seeking a buildable lot with existing infrastructure in a desirable location. The convenient location and existing improvements make this a truly attractive opportunity.
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
Value estimation
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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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