515 E Clinton Street

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515 E Clinton Street

Hobbs, NM 88240
Asking Price
$60K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land asset available for purchase in Hobbs, New Mexico.
  • The property covers a total area of 0.155 acres.
  • Offered for sale at a price of 60,000 dollars.
  • Located at 515 E Clinton Street in the 88240 area.
  • Site dimensions accommodate various commercial or office development projects.

What's Special

This commercial land acquisition at 515 E Clinton Street presents a practical site for investors or business owners seeking a foothold in the Hobbs market. The parcel spans 0.155 acres and offers a clean slate for development within this growing New Mexico region. Hobbs serves as a central hub for the Permian Basin energy sector, supporting a steady demand for commercial space and local services. Its position within the community allows for convenient access to regional transportation corridors and established commerce centers. Given the site dimensions and commercial designation, the property is well-suited for professional offices, specialty retail outlets, or service-based enterprises looking to establish a permanent physical presence. Future occupants will benefit from the strategic location within the 88240 ZIP code, a market that continues to sustain interest from industrial and commercial developers alike.

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NOI
$80,000
Cap Rate
133.33%
DSCR
22.46
Strong
Cash-on-Cash
424.65%
Monthly Payment
$296.847
Annual Cash Flow
$76,437.833

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