$8,364,000

TBD N Lovington Hwy Hobbs, NM 88240

Estimated payment $52,487/month

Total Views 7,551
24 Acres
$348,500 Price per Acre
1,045,440 Sq Ft Lot

Highlights

  • Nearby Water Access
  • 24 Acre Lot
  • Commercial or Retail Space

About This Lot

+/- 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!

Listing Agent

Jennifer Contreras

EDGE REALTY GROUP License #52475 Listed on: 03/11/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $95,096

Lot Details

  • 24 Acre Lot
  • Irregular Lot

Home Design

  • Commercial or Retail Space

Utilities

  • Natural Gas Not Available

Listing and Financial Details

  • Assessor Parcel Number 4900513180510

Community Details

Overview

  • Property has a Home Owners Association

Recreation

  • Nearby Water Access

Property Details

Property Type

Land

Est. Annual Taxes

$95,096

Lot Details

0

Listing Details

  • Reso Property Sub Type: Commercial
  • Prop. Type: Land
  • ResoLotFeatures: Irregular Lot
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 24

Utilities

  • Utilities: Natural Gas Not Available, Electricity Connected, Sewer Available, Water Available
  • Electric: Near-Site
  • Sewer: City, Near-Site
  • Electricity On Property: No
  • Water Source: Public, City, Near-Site

Condo/Co-op/Association

  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 1045440
  • ResoLotSizeUnits: Acres
  • Parcel #: 4900513180510
  • Irrigation Water Rights: No

Tax Info

  • Year: 2022
  • Tax Annual Amount: 95095.89

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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

Property History

Date Event Price Change Sq Ft Price
06/16/2025 06/16/25 For Sale $350,000 0.0% --
06/16/2025 06/16/25 Off Market -- -- --
01/16/2025 01/16/25 For Sale $350,000 0.0% --
03/25/2024 03/25/24 Off Market -- -- --
04/04/2023 04/04/23 For Sale $350,000 -95.8% --
03/11/2023 03/11/23 For Sale $8,364,000 +42.5% --
07/15/2022 07/15/22 For Sale $5,868,838 0.0% --
01/01/2022 01/01/22 Off Market -- -- --
09/23/2021 09/23/21 For Sale $5,868,838 +15143.7% --
09/23/2020 09/23/20 Sold -- -- --
08/24/2020 08/24/20 Pending -- -- --
08/17/2020 08/17/20 Price Changed $38,500 -50.0% --
03/29/2019 03/29/19 For Sale $77,000 -- --
Source: New Mexico MLS

Source: New Mexico MLS

MLS Number: 20245177

New Mexico MLS