Property summary
This exceptional 0.88-acre commercial land parcel, located at 610 S Carlton Street in Hobbs, New Mexico, presents a compelling investment opportunity. Priced at $425,000, this property boasts a highly desirable location just off the Carlsbad Highway, ensuring excellent accessibility and visibility. The existing structure features three large bay doors, perfect for businesses requiring ample storage and workspace. Inside, the building offers two well-appointed office spaces, ideal for administrative tasks or client meetings, along with two restrooms for convenience. This versatile property is suited for a wide range of commercial uses, making it an attractive option for businesses seeking to establish or expand their operations in a thriving New Mexico market. Its central location in Lea County, with a zip code of 88240, offers easy access to the town of Hobbs and its surrounding areas. The property's size and features provide significant potential for growth and profitability. This is a rare opportunity to acquire a well-situated commercial property in a dynamic and growing community. The coordinates are 32.6951289 latitude and -103.1771007 longitude.
Property profile
VerifiedCap rate & NOI
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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from $99/month
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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