Property summary
This ±11,400 square foot industrial property in Hobbs, New Mexico, offers a unique blend of office and warehouse space, ideal for various business needs. Situated on approximately 7 acres, the property comprises three buildings. Building 1 boasts approximately 5,500 square feet, including ±3,000 square feet of office space featuring a reception area, seven private offices, and two bathrooms (one in a dedicated safety meeting room). The remaining ±2,500 square feet is shop space with a high-clearance overhead door and a mezzanine for extra storage. Building 2 provides approximately 5,000 square feet of covered storage/workshop space with two 14-foot overhead doors, facilitating easy access for large vehicles and equipment. Finally, Building 3 offers approximately 1,400 square feet of separate dry storage, ensuring secure and weather-protected storage. The entire complex features a 16-foot ceiling height, three drive-in doors, and three-phase power. Built in 1980, this single-tenant Class C property is located at 901 S Cecil St, Hobbs, NM 88240, in Lea County. The zoning is currently unlisted. This property presents a significant opportunity for businesses requiring a combination of office, shop, and storage space, with ample room for expansion. The location offers convenient access to major roadways.
Property profile
VerifiedCap rate & NOI
Current use
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Trucking Company
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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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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