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    OFF-MARKET
    Commercial real estate

    4640 Lovington Hwy, Hobbs, NM 88240

    2.3 ac lot
    Property ID
    US61-0679584
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Lot 2.3 ac (100,188 SF)
    UPID US61-0679584
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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