311 Broadway St Hobbs, NM 88240
This exceptional 5,000 square foot retail building is ideally situated in the heart of downtown Hobbs, New Mexico. The property boasts a spacious reception lounge at the front entrance, leading to three generously sized offices. The building was previously renovated to function as a sleep center, featuring several rooms with private bathrooms – a layout easily adaptable for medical practices or other professional uses. A convenient breakroom and laundry closet are also included. Detailed floor plans are available in the accompanying photographs. Hobbs is experiencing significant economic growth, fueled by Lea County's leading national oil production and the expansion of the Urenco uranium enrichment facility. This strategic location positions this property as an excellent opportunity for businesses seeking a prominent presence in southeastern New Mexico. Whether you're looking for a satellite office or a primary location, this versatile building offers a compelling combination of space, amenities, and location in a thriving market. The property is offered at $435,000. Don't miss this chance to establish your business in a dynamic and rapidly expanding community.
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Pecos Valley Production - Hobbs, NM (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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