TBD W Pinson Street

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TBD W Pinson Street

Hobbs, NM 88242
Asking Price
$1.20M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • The property spans 30.37 acres of raw commercial land
  • Offered for sale at a price of 1,200,000
  • Located in Hobbs within the industrious Permian Basin region
  • Suitable for various large-scale industrial or commercial projects
  • Well-positioned to accommodate regional logistics and business growth

What's Special

Priced at 1,200,000, this 30.37-acre commercial land parcel on W Pinson Street represents a significant development prospect in Hobbs, New Mexico. The site sits within a region characterized by its strong ties to the energy and industrial sectors of the Permian Basin, offering proximity to critical regional infrastructure that supports commercial logistics and operations. The expansive acreage provides substantial flexibility for developers or businesses seeking to establish a footprint in this growing market. Given the site layout and current zoning potential for commercial use, the property is suitable for industrial storage, logistics facilities, or large-scale commercial retail developments. The flat topography and strategic access to the surrounding regional road network facilitate efficient site planning and construction. Investors and developers will find this tract well-positioned to serve the increasing demand for commercial space driven by the steady economic activity throughout Lea County.

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657

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