1209 W Cambridge Street

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1209 W Cambridge Street

Hobbs, NM 88240
Asking Price
$125K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel measuring approximately 0.33 acres
  • Located at 1209 W Cambridge Street in Hobbs
  • Priced at $125000 for immediate acquisition
  • Well-suited for custom commercial or professional office development
  • Positioned within the active economic environment of Hobbs
  • Strategic location in the growing southeastern New Mexico market

What's Special

Development of this 0.33-acre commercial land parcel at 1209 W Cambridge Street presents a functional opportunity for business expansion in Hobbs, New Mexico. Situated within a growing regional market supported by the energy and agricultural sectors, this site provides a versatile footprint for investors or owner-users seeking to establish a presence in the local commercial landscape. The property is well-positioned to accommodate a variety of build-to-suit projects, ranging from professional office space to specialized service facilities that cater to the surrounding community. Its manageable scale allows for efficient site planning and development in a city known for its steady economic activity and central role in the Permian Basin region. Prospective buyers will find the site accessible via the established street grid, connecting directly to broader transportation corridors serving southeastern New Mexico. Whether intended for retail frontage or a private commercial workshop, this asset offers the foundational land required to execute specific business plans. Capitalizing on the steady demand for land in this area, the property serves as a practical addition to a diversified commercial real estate portfolio.

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NOI
$80,000
Cap Rate
64.00%
DSCR
10.78
Strong
Cash-on-Cash
193.54%
Monthly Payment
$618.432
Annual Cash Flow
$72,578.818

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