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    OFF-MARKET
    Commercial real estate

    2608 Scenic Dr, Hobbs, NM 88240

    Property ID
    US61-0476324
    Property summary
    AI-generated overview

    This exceptional commercial land parcel, identified by APN 4960228143553, presents a unique investment opportunity in Hobbs, New Mexico. The property, located at 2608 W Scenic Drive, boasts a substantial lot size of 28,314 square feet and is designated for commercial use. Currently improved with a single-tenant office/warehouse structure, this property offers immediate income potential or the possibility for redevelopment. The existing building comprises approximately 1,800 square feet and features four offices, a restroom, and ample warehouse storage space. A significant advantage is the inclusion of a 12-foot overhead door, facilitating easy loading and unloading of goods. The property also benefits from a stabilized, fenced yard, enhancing security and functionality. Its strategic location near Lovington Highway provides excellent accessibility and visibility, making it an attractive proposition for a variety of businesses. This is a rare opportunity to acquire a well-situated commercial property in a thriving market. The single-tenant occupancy simplifies management, while the substantial lot size allows for future expansion or redevelopment possibilities. The property's existing improvements offer immediate return on investment, while the prime location ensures strong potential for long-term growth. This property is offered as-is.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US61-0476324
    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
    Current use
    Occupant on record · Public records
    • Pierce Portable Toilet Rentals Building Supply
    • M & K Pizza Inc Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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