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4210 N Lovington Hwy - Plaza Hobbs 4.29 Acres of Commercial Land Offered at $2,242,000 in Hobbs, NM 88240
INVESTMENT HIGHLIGHTS
- Phase 2: +-4.291 gross acres with shared parking and drive aisles
- Shared pylon signage along N. Lovington Highway
- Over 80,000 residents within a 30 minute drive of this site
- Multiple access points
- Excellent traffic count: 23,967 vehicles per day
EXECUTIVE SUMMARY
Plaza Hobbs is a multi-parcel project (+- 8.74 acres) at the southeast corner of N. Lovington Highway and the newly established Magnolia Drive. Texas Roadhouse is the anchor. They have experienced a stellar grand opening and a continued trend of top sales and service performance into 2024. Pad 2 has been sold to Blake’s Lotaburger, a regional hamburger chain, with development plans targeted
for 2025.
Ingress/egress is shared along N. Lovington Highway and Magnolia Drive.
A multi-user pylon sign is positioned along N. Lovington Highway and this is shared by the users of the project. Phase II is ±4.291 acres which shares parking and drive aisles with the entire project – see highlighted plat.
for 2025.
Ingress/egress is shared along N. Lovington Highway and Magnolia Drive.
A multi-user pylon sign is positioned along N. Lovington Highway and this is shared by the users of the project. Phase II is ±4.291 acres which shares parking and drive aisles with the entire project – see highlighted plat.
PROPERTY FACTS
| Price | $2,242,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.29 AC |
| Property Type | Land | ||
| Zoning | Commercial - City of Hobbs | ||
| Price | $2,242,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.29 AC |
| Zoning | Commercial - City of Hobbs |
1 LOT AVAILABLE
Lot
| Price | $2,242,000 | Lot Size | 4.29 AC |
| Price Per AC | $522,610.72 |
| Price | $2,242,000 |
| Price Per AC | $522,610.72 |
| Lot Size | 4.29 AC |
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4210 N Lovington Hwy - Plaza Hobbs
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