Property summary
This exceptional commercial land parcel, located at 4220 N Lovington Highway in Hobbs, New Mexico, presents a unique investment opportunity. The property encompasses approximately 1.3 acres of fenced land, featuring a 4,000 square foot shop building. The shop boasts a reception area, a dedicated office space, and two bathrooms, ensuring functionality and convenience. Additional storage or parts room is also included within the building. The expansive yard is composed of caliche, providing a durable and practical surface. This property benefits from a highly visible location within a high-traffic area, making it ideal for a variety of commercial uses. The property's address is 4220 N Lovington Hwy, Hobbs, NM 88240, and its APN is 4000422090001. The land is designated as commercial, with single tenancy. The property is situated at latitude 32.7472093 and longitude -103.1670146. This is a single-tenant property with no additional building suites. The significant size and strategic location make this a compelling opportunity for businesses seeking a prominent presence in a thriving commercial area. The existing building provides immediate functionality, while the ample land offers potential for expansion or future development.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
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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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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