Property summary
This exceptional 5-acre commercial property in Hobbs, New Mexico, presents a unique investment opportunity. Located at 12915 N Denver City Highway, 88242, this 2016-built property features a spacious 60x40 metal barn currently generating rental income from weddings, parties, and other events. The barn's versatile design includes a loft area accessible via stairs, complete with a balcony overlooking the stage area, ideal for live performances or DJ setups. Convenient amenities are in place for event attendees, including separate men's and women's restrooms, each with two stalls, and a dedicated storage area with a sink. The ample 5-acre lot provides extensive parking, ensuring comfortable accommodation for large gatherings. The property's rustic charm and functional layout make it a highly attractive venue for various events, offering strong potential for continued rental income and future growth. The property is zoned for commercial and warehouse use, providing flexibility for a variety of business ventures. This turnkey operation is ready for a new owner to continue its success or explore new possibilities. The property's location in Lea County, New Mexico, offers easy access to major transportation routes. The asking price for this remarkable property is $525,000.
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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from $99/month
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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