512 S Mckinley Street

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512 S Mckinley Street

Hobbs, NM 88240
Asking Price
$65K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel measuring 0.157 acres for sale
  • Located at 512 S Mckinley Street in Hobbs
  • Asking price for the commercial property is $65,000
  • Asset is situated in the active Permian Basin region
  • Suitable for diverse commercial development or business uses

What's Special

This commercial land parcel spans 0.157 acres and is situated at 512 S Mckinley Street in Hobbs, New Mexico. Positioned within a growing regional market, this site provides a strategic footprint for developers or business owners looking to establish a presence in the area. The property is well-suited for a variety of commercial use cases depending on local development guidelines and specific business requirements. Hobbs serves as a central hub for the surrounding energy and agricultural sectors, benefiting from consistent economic activity and infrastructure connectivity across the Permian Basin region. Prospective buyers can leverage this cleared space to support small-scale commercial operations or professional service facilities that cater to the local population. Given the size and location, the lot offers a practical opportunity for investors seeking to capitalize on the ongoing demand for accessible commercial space in this established community.

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NOI
$80,000
Cap Rate
123.08%
DSCR
20.73
Strong
Cash-on-Cash
390.47%
Monthly Payment
$321.585
Annual Cash Flow
$76,140.986

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