Property summary
This exceptional 2.3-acre land parcel presents a remarkable investment opportunity in a high-traffic area of Hobbs, New Mexico. Situated at 4640 N Lovington Highway, this property boasts unparalleled visibility due to its location on a heavily traveled thoroughfare. The strategic placement offers significant advantages for a variety of commercial ventures. The land is conveniently located south of the new Covenant Hospital, enhancing its appeal to businesses seeking proximity to healthcare facilities. Furthermore, its proximity to multiple hotels, Zia Park Casino, and the Core Family Wellness Center ensures high foot traffic and a diverse customer base. The zoning allows for a wide range of commercial uses, including retail establishments, office spaces, medical facilities, and restaurants. This prime location offers exceptional potential for developers and investors seeking a high-visibility site with strong growth prospects in a thriving community. The property's 2.3-acre size provides ample space for development, allowing for flexibility in design and scale. The asking price for this exceptional property is $1,202,256. This represents a significant opportunity to acquire a strategically located land parcel in a rapidly growing area of Lea County, New Mexico, with a zip code of 88240. The coordinates for this property are 32.7531364 latitude and -103.1726652 longitude.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
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.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.