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Listed by Found Real Estate
$ 400,000
Est. payment /mo
Active
100 E COPE PL Hobbs, NM 88242
20 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Farm/Ranch
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20260561
HOA Y/N No
Annual Tax Amount $5,788
Lot Size 20.000 Acres
Acres 20.0
Property Sub-Type Farm/Ranch
Source NMMLS
Property Description
20 acre land opportunity near Hobbs, New Mexico, offering a combination of development potential, water rights, and existing agricultural utility. Offered at $400,000, the property provides an attractive basis of approximately $20,000 per acre. The property includes water rights and a high-capacity irrigation well, providing valuable existing infrastructure and flexibility for continued agricultural use or future development. With approximately 20 acres of contiguous land, the property offers potential for residential subdivision, larger residential lots, or other permitted uses subject to applicable approvals and development requirements. Access is available from Cope Place and Yuciapa, providing connectivity to the surrounding area and nearby Hobbs market. For buyers seeking a larger project, the adjacent 126 acre tract is also available for purchase, creating the potential to assemble approximately 146 contiguous acres. The combined properties offer a significant opportunity for a larger residential development, ranch, agricultural operation, or long-term land investment. Property is owned by the selling broker.
Location
State NM
County Lea
Exterior
View Y/N false
Private Pool No
Schools
Elementary Schools None/Other
Middle Schools None/Other
High Schools None/Other
Others
Tax ID 4000419430001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional