Address
TBD Lovington Highway, Hobbs, NM
Price
$ 8,364,000
Property Attributes
  • MLS#20231026
  • TypeLand
  • CountyLEA
  • CityHobbs
  • AreaNew Mexico Mls
  • Zip88240
  • StyleCommercial
  • Taxes$ 95095
  • Price$ 8,364,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size24 Acres
Data Source:
New Mexico MLS (NMMLS)
Property Description

+/- 24 acres of prime land on the Lovington Hwy features highway frontage and is located near a high traffic intersection! This high traffic location is vastly growing with commercial development! The neighboring land is Covenant Hospital and right across the street is the Center of Recreational Excellence (CORE) along with Zia Park Casino, Lea County Event Center, New Mexico Junior College, and much more. This +/- 24 acres parcel has three potential access points and a variety of options for development from multi-family, residential, commercial, or a combination of several options. Call for more details!

Price History
3/9/2023 Listed $8,364,000

General Features

Sewer City,Near-Site
Utilities Natural Gas Not Available,Electricity Connected
Electric Near-Site
Property SubType Commercial
County Lea County
New Construction No
Property Type Land
HOA / Comm Assn Yes
Garage Y/N No
Status Active
City Hobbs
Buyer Agent Compensation 2%
Senior Community Y/N No
MLS Area New Mexico Mls
Lot Size Square Feet 1045440
Waterfront Y/N No
Carport Y/N No
Street Name Lovington
Property Attached Y/N No
Tax Annual Amount 95095.89
Lease Considered Y/N No
Standard Status Active

Interior Features

Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Highway
Living Area Units Square Feet

Exterior Features

Lot Features Irregular Lot
Water Source Public,City,Near-Site
Lot Size Area 24
Spa No
Lot Size Acres 24
Lot Size Units Acres
Open Parking Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 88240

Price
AVG $890K
$8.36M
Taxes
AVG $7,975
$95,095
Visits
AVG 41
50
Data Provided by Inside Real Estate®

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