Property summary
This 3,200 square foot warehouse, situated on 1.10 acres in Hobbs, New Mexico, presents a compelling investment opportunity. Located on the highly trafficked NM State Highway 18 (Hobbs-Lovington Highway), this property boasts exceptional visibility and easy highway access. The warehouse is fully enclosed by chain link fencing, secured by a rolling slide gate large enough to accommodate 18-wheelers. Inside, the space includes three offices, a small break room, and two restrooms. A loft area above the offices provides additional storage. The shop area features a small chain hoist mounted on an H-beam, adding to its functionality. The property also includes a spacious apron for enhanced safety and maneuverability. The asking price is $500,000, translating to $156.25 per square foot. Its versatile design and prime location make it suitable for a variety of commercial uses. The address is 2726 N Lovington Hwy, Hobbs, NM 88240. This property offers a unique blend of accessibility, security, and functional space, making it an ideal investment in a thriving New Mexico market.
Property profile
VerifiedCap rate & NOI
Current use
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Corporate Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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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