2801 Dal Paso St, Hobbs, NM 88240
This exceptional commercial property, located at 2801 N Dal Paso Street in Hobbs, New Mexico, presents a unique investment opportunity. Situated on a one-acre lot in Lea County (zip code 88240), this property boasts a 1950-built structure that has undergone a complete renovation. The building features three separate office spaces, ideal for a variety of business configurations, a fully equipped kitchen, and two bathrooms, ensuring convenience and functionality. A small back house adds additional space, potentially suitable for storage or expansion. The asking price for this turnkey commercial property is $450,000. Its prime location in Hobbs, New Mexico offers excellent visibility and accessibility, making it an attractive proposition for entrepreneurs and investors seeking a well-established and updated commercial space. The property's versatility allows for diverse business applications, making it a sound investment with significant potential for growth and return. This is a rare opportunity to acquire a fully renovated commercial property in a thriving New Mexico market. Don't miss out on this chance to own a piece of Hobbs' commercial landscape.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.