Property summary
This exceptional 275,000 dollar commercial land parcel presents a unique investment opportunity in the thriving city of Hobbs, New Mexico. Located at 1126 N Grimes Street, this property boasts a highly desirable location within Lea County, offering excellent visibility and accessibility. The land is classified as commercial, providing a versatile platform for a wide range of development projects. Its strategic positioning within Hobbs makes it an ideal site for businesses seeking to establish a strong presence in a dynamic market. The property's address is clearly defined as 1126 N Grimes Street, Hobbs, NM 88240, with precise geographic coordinates of 32.7120946 latitude and -103.144533 longitude. This readily available land presents a blank canvas for entrepreneurs and investors looking to capitalize on the growth potential of Hobbs. The asking price of $275,000 reflects the significant value and potential return on investment this property offers. Serious inquiries are encouraged to explore the possibilities and secure this prime commercial land parcel. The property is zoned for commercial use, providing flexibility for various development plans. Its location within Lea County offers access to a robust infrastructure and a supportive business environment. Don't miss this chance to acquire a valuable asset in a rapidly growing area.
Property profile
VerifiedCap rate & NOI
Current use
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Car Rental Facility
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
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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.
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