For Sale
$2,996,928

Arkansas Junction, NM 88240

Prime Lea County development land.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 8.6-acre land parcel presents a compelling investment opportunity in the rapidly expanding Hobbs, New Mexico market. Located in Lea County at 000 Lot 10, with a zip code of 88240 and coordinates 32.6702606, -103.4049445, this property offers significant potential for various development projects. The area is experiencing substantial growth, boasting proximity to key amenities including the CORE Center of Recreational Excellence, the new Covenant Hospital, Zia Park Racetrack and Casino, and the Lea County Event Center. New Mexico Junior College (NMJC) is also conveniently located nearby. This strategic location ensures high visibility and accessibility. Lots 10 and 11, of which this is one, are particularly well-suited for multi-family developments such as townhomes or apartments, though the property is customizable to accommodate diverse development plans. The asking price for this remarkable property is $2,996,928. This represents a unique chance to capitalize on the burgeoning growth of Hobbs and Lea County. The property is currently available for purchase and offers the flexibility to adjust lot size to meet specific development requirements. Don't miss this chance to secure a prime piece of land in a thriving New Mexico community.

Highlights

  • $2,996,928 asking price.
  • 8.6-acre land parcel.
  • Located in Hobbs, Lea County, New Mexico, zip code 88240.
  • Situated near CORE Center, Covenant Hospital, Zia Park, and Lea County Event Center.
  • Potential for multi-family development (townhomes/apartments).
  • Customizable lot sizes available.

Property Details

Property type
Land
Lot Size (sq. ft)
374,616 SF

Location Insight

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

FAQs

What type of property is this?
Land - Prime Lea County development land.
Where is the land located?
The property is located at Arkansas Junction, NM.
What is the asking price?
The asking price for this property is $2,996,928.
What are key features of this property?
This property features: $2,996,928 asking price.; 8.6-acre land parcel.; Located in Hobbs, Lea County, New Mexico, zip code 88240.
How can I contact the broker?
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