Arkansas Junction, NM 88240

This exceptional 1.5-acre commercial land parcel presents a unique investment opportunity in the thriving city of Hobbs, New Mexico, within Lea County. Located at 000 Lot 3, this property boasts a highly desirable location, offering excellent visibility and accessibility. The asking price is $653,400. Situated near major facilities including the CORE Center of Recreational Excellence, the new Covenant Hospital, Zia Park Racetrack and Casino, Lea County Event Center, and NMJC, this lot benefits from the robust growth and high traffic volume of the area. Its strategic placement directly off the Lovington Highway ensures significant exposure to both eastbound and westbound traffic, making it ideal for a variety of commercial ventures. The property's 1.5-acre size provides ample space for development, with potential uses including, but not limited to, restaurants and fast-food establishments. This is a rare chance to acquire a well-positioned commercial lot in a rapidly expanding region of New Mexico, offering significant potential for future returns. The property's zip code is 88240. The coordinates are 32.6702606 latitude and -103.4049445 longitude.