Property summary
This expansive 18,000 square foot commercial building is strategically located on Lovington Highway (Hwy 18) in Hobbs, New Mexico. The property sits on a 6.2-acre lot, offering significant space and potential for expansion. The main building boasts ample office space, ideal for a variety of businesses. A substantial portion of the property, approximately 4.3 acres, is already improved with a rocked and fenced yard, providing secure outdoor storage or operational space. An additional 2 acres are available for future development or expansion projects. The building features three 14' x 16' overhead doors, facilitating easy loading and unloading of goods. The property also benefits from three-phase power, essential for many commercial operations. Its convenient location offers quick access to Northwest County Road, enhancing accessibility and logistical efficiency. This versatile property presents a unique opportunity for businesses seeking a well-established and expandable location in a thriving area. The combination of ample indoor and outdoor space, along with its strategic highway location and robust infrastructure, makes this an exceptional commercial investment.
Property profile
VerifiedCap rate & NOI
Current use
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Oilfield Well Drilling Contractor
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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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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