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    OFF-MARKET
    Commercial real estate

    1503 Calle Sur St, Hobbs, NM 88240

    Property ID
    US61-0614773
    Property summary
    AI-generated overview

    This exceptional 16,275 square foot commercial land parcel, located at 1503 W Calle Sur in Hobbs, New Mexico, presents a unique redevelopment opportunity. Previously a prominent recreational facility, the property boasts a prime location in North Hobbs and offers significant potential for future growth. The existing structure includes a substantial footprint with a front desk and office area, adding to its versatility. Recreational amenities such as two racquetball courts, a swimming pool, jacuzzi, and sauna are already in place. Separate men's and women's locker rooms provide added convenience. Eight individual gyms and a large studio space at the rear of the building offer further possibilities for diverse uses. The property is situated in Lea County, New Mexico, zip code 88240, and is conveniently located at 32.7433543 latitude and -103.1537565 longitude. The asking price for this expansive property is $1,500,000. This presents a compelling investment opportunity given the projected growth in the area over the coming years. The existing infrastructure provides a solid foundation for a variety of commercial ventures, making this a truly remarkable opportunity for an astute investor.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US61-0614773
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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