1307 Snyder St Hobbs, NM 88240
- Mobile home & RV parks
- 2.89 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 1307 Snyder St
- Year built
- 1950
- Lot size
- 2.89 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional investment opportunity presents a well-established 8-unit RV park situated on a spacious 2.89-acre lot in Hobbs, New Mexico. The property, located at 1307 E Snyder Street, boasts a prime location within the dynamic Permian Basin, a region experiencing significant economic growth. Built in 1950, the park offers a consistent income stream from its existing units. The substantial lot size provides significant potential for expansion, allowing for future development and increased revenue generation. This presents a unique chance to capitalize on the thriving Permian Basin market. The property is classified as both multifamily and commercial, offering versatility and investment flexibility. The asking price for this income-producing asset is $379,000. This turnkey operation is ideal for investors seeking a stable return with substantial upside potential in a high-demand area. The property's location in Lea County, New Mexico, zip code 88240, ensures easy access to local amenities and the broader Permian Basin infrastructure. This is a rare opportunity to acquire a proven income-generating property with significant room for expansion in a rapidly growing market. Don't miss this chance to secure a valuable asset in a high-growth region.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hobbs
- County
- Lea
- State
- New Mexico
- Longitude
- -103.121594
- Latitude
- 32.703832
