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$ 200,000
Est. payment /mo
Price Dropped by $25K
911 N Turner Street Hobbs, NM 88240
2,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $83
MLS Listing ID 20261087
Annual Tax Amount $2,874
Tax Year 2025
Lot Size 2,400 Sqft
Lot Dimensions 25' x 140'
Property Sub-Type Retail
Property Description
911 N Turner presents a commercial investment property located along N Turner Street in Hobbs, New Mexico, offering immediate rental income with flexibility for an owner-user or investor. The property is currently leased on a month-to-month basis for $1,700 per month, providing stable income while allowing a new owner the option to continue leasing or occupy the building. The month-to-month tenancy provides flexibility for investors seeking income with upside potential or businesses looking for a centrally located commercial space. At the current rent, the property offers a potential cap rate of approximately 8.2% before expenses, making it an attractive small commercial investment in the Hobbs market.
Location
State NM
County Lea County
Area New Mexico Mls
Listed by FOUND REAL ESTATE