4640 Lovington Hwy, Hobbs, NM 88240
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.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.