Property summary
This exceptional commercial property, located at 618 S Turner Street in Hobbs, New Mexico, is offered at $285,000. The property consists of a sizable land parcel improved with three updated office spaces and a large shop. Built in 1982, the existing structures provide immediate functionality, while the land itself presents significant potential for future development or expansion. The property boasts a convenient location within a high-traffic area of Hobbs, ensuring excellent visibility and accessibility for any business. The layout is versatile, suitable for a wide range of commercial uses. A key feature is the inclusion of a gated yard, providing secure storage or outdoor workspace. The zip code is 88240, and the property is situated in Lea County. This is an excellent opportunity for investors or business owners seeking a well-located and adaptable commercial property in a thriving New Mexico market. The property's existing structures offer immediate occupancy, minimizing upfront investment and allowing for rapid business commencement. The combination of existing improvements and ample land provides a unique opportunity for growth and customization. This property is ready for its next chapter.
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
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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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