Property summary
This exceptional 21.88-acre land parcel presents a unique investment opportunity in Hobbs, New Mexico, located within Lea County. Situated at TBD W Millen Drive, zip code 88240, this property offers significant potential for various development projects. The expansive acreage provides ample space for a wide range of uses, subject to local zoning regulations. With its strategic location in Hobbs, this land benefits from access to established infrastructure and a thriving community. The property's coordinates are 32.7548334 latitude and -103.1781891 longitude. Prospective buyers are encouraged to conduct their own due diligence regarding zoning, utilities, and potential development restrictions. This is an excellent chance to acquire a substantial land holding in a dynamic New Mexico market. The asking price for this remarkable property is $600,000. Serious inquiries are welcome. This offering represents a compelling investment prospect for those seeking a significant land acquisition in a growing area. The property is ready for immediate consideration and offers a blank canvas for creative development plans. Further details are available upon request.
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
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
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.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.