For Sale
$3,669,494

3 MillenArkansas Junction, NM 88240

10.53 Acres, Prime Retail Location

Overview

Added:
Dec 11, 2024
Days on market:
120
This exceptional 10.53-acre commercial land parcel presents a remarkable investment opportunity in Hobbs, New Mexico. Strategically located in Lea County, with a convenient address of TBD Tract 3 Millen (South Side), zip code 88240, this property boasts significant frontage on Millen, directly adjacent to the newly developed Covenant site. The expansive lot size provides ample space for a variety of commercial developments, making it ideal for entrepreneurs and investors seeking high-visibility locations. Its prime position offers excellent accessibility and exposure to a substantial customer base. The property's versatility allows for the development of retail spaces, a shopping center, restaurants, or office buildings, catering to the diverse needs of the thriving Hobbs community. The coordinates are 32.6702606 latitude and -103.4049445 longitude. This is a rare chance to acquire a significant tract of land in a rapidly growing area with exceptional potential for substantial returns. The asking price for this exceptional property is $3,669,494. Don't miss this opportunity to secure a prime piece of commercial real estate in a dynamic and expanding market. This property is zoned for commercial use.

Highlights

  • $3,669,494 asking price.
  • 10.53-acre commercial land parcel.
  • Located in Hobbs, New Mexico, Lea County, zip code 88240.
  • Excellent frontage on Millen, adjacent to the new Covenant site.
  • Ideal for retail, shopping center, restaurant, or office development.

Property Details for 3 Millen

Property type
Land
Lot Size (sq. ft)
458,687 SF

Location Insight

City
Arkansas Junction
County
Lea
State
New Mexico
Latitude
32.6702606
Longitude
-103.4049445
3 Millen, Arkansas Junction, New Mexico

FAQs

What type of property is this?
Land - 10.53 Acres, Prime Retail Location
Where is the land located?
The property is located at 3 Millen Arkansas Junction, NM.
What is the asking price?
The asking price for this property is $3,669,494.
What are key features of this property?
This property features: $3,669,494 asking price.; 10.53-acre commercial land parcel.; Located in Hobbs, New Mexico, Lea County, zip code 88240.
How can I contact the broker?
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3 Millen
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