Property summary
This exceptional 2.2-acre commercial lot in Hobbs, New Mexico, presents a remarkable opportunity for business development. Located at 6100 W Carlsbad Highway, in Lea County, zip code 88240 (32.6972155, -103.2148077), this property boasts significant infrastructure advantages. Two existing water wells eliminate the need for immediate well installation, saving considerable time and expense. A fully functional septic system is already in place, simplifying the permitting process and reducing upfront costs. Electricity is connected, providing immediate power access. Furthermore, the property offers convenient access to city water and sewer services, providing a comprehensive utility infrastructure. The asking price for this ready-to-develop lot is $350,000. Its strategic location and existing infrastructure make it an ideal site for a variety of commercial ventures, offering significant potential for return on investment. Prospective buyers are encouraged to conduct their own due diligence and verify all information. The property is easily accessible for viewing.
Property profile
VerifiedCap rate & NOI
Current use
-
Car Rental Facility
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
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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
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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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