$3,219,935

4100 N Lovington Hwy Hobbs, NM 88240

Estimated payment $20,023/month

Total Views 21,892
14.73 Acres
$218,597 Price per Acre
641,639 Sq Ft Lot

About This Lot

This ±14.73 acre property comprised of two parcels in Hobbs, NM offers an exceptional opportunity for commercial development. Approximately 330 feet of frontage on Lovington Hwy, this parcel has high visibility and easy access from the main road. The property is adjacent to the popular Texas Roadhouse and is in close proximity to other well-known establishments such as Verizon, Walmart, Holiday Inn Express, Subway and Tate Branch Dodge.

Listing Agent

Erin Anderson

PERMIAN REAL ESTATE License #47910 Listed on: 07/15/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $37,031

Additional Features

  • 14.73 Acre Lot
  • Natural Gas Connected

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4000418610001 & 4000418600001

Property Details

Property Type

Land

Est. Annual Taxes

$37,031

Lot Details

0

Listing Details

  • Directions: On Lovington Hwy appx .4 miles north of the intersection of
  • Reso Property Sub Type: Commercial
  • Prop. Type: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 14.73

Utilities

  • Utilities: Natural Gas Connected, Electricity Connected
  • Sewer: Public Sewer
  • Water Source: Public, City

Condo/Co-op/Association

  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 641638.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 4000418610001 & 4000418600001
  • Irrigation Water Rights: No

Tax Info

  • Year: 2024
  • Tax Annual Amount: 37031

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,924 $171,679 $164,682 $6,997
2023 $5,740 $166,332 $159,885 $6,447
2022 $5,508 $166,332 $159,885 $6,447
2021 $5,349 $156,755 $150,707 $6,048
2020 $5,108 $152,365 $146,317 $6,048
2019 $4,890 $147,927 $142,055 $5,872
2018 $4,727 $143,531 $137,917 $5,614
2017 $4,854 $418,050 $401,700 $16,350
2016 $4,857 $406,350 $390,000 $16,350
2015 $4,469 $406,350 $390,000 $16,350
2014 -- $405,573 $390,000 $15,573
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2024 07/15/24 For Sale $3,219,935 -- --
Source: New Mexico MLS

Source: New Mexico MLS

MLS Number: 20244182

New Mexico MLS

APN: 4000418610001

New Mexico Lea County Hobbs 22840

4100 N Lovington Hwy, Hobbs, NM

For Sale

Lots

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Erin Anderson
Listing Agent
Erin Anderson
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PERMIAN REAL ESTATE
(575) 900-7239