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Listed by Found Real Estate
$ 1,850,000
Est. payment /mo
Active
6804 N GRIMES ST Hobbs, NM 88240
126 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20262678
HOA Y/N No
Annual Tax Amount $18,812
Lot Size 126.000 Acres
Acres 126.0
Property Sub-Type Land
Source NMMLS
Property Description
Rare opportunity to acquire 126 contiguous acres near Hobbs, New Mexico, offering exceptional flexibility for residential development, farm, ranch or long-term investment. The property includes approximately 94 acres of adjudicated water rights and two high-capacity irrigation wells, each approximately 200 feet deep with water at approximately 120 feet and reported production of approximately 700 GPM. This substantial existing water infrastructure creates opportunities for continued agricultural use while adding significant value to the property's long-term potential. For developers and builders, the property's location, size and surrounding road access create a compelling residential development opportunity. An initial 2-acre residential lot development is already underway along W. Kansas Street, providing a potential framework for continued estate-lot development across the remaining acreage. A conceptual master plan is being developed to illustrate future road alignments, 2-acre homesites and phased development potential. Existing improvements include an updated 3-bedroom, 2-bath approximately 1,950-square-foot double-wide with a metal roof, propane heat and updated flooring, kitchen, bathrooms and windows. A large barn provides additional equipment and storage space. The property benefits from access and connectivity via Grimes, Kansas, Cope, Yuciapa and Carter and represents one of the larger contiguous acreage opportunities close to Hobbs. Whether utilized for agriculture, ranching, a private estate, residential development or long-term investment, this property offers a rare combination of substantial acreage, adjudicated water rights, high-capacity wells, existing improvements and proximity to town. Additional acreage also available. Property is owned by Selling Broker.
Location
State NM
County Lea
Exterior
Utilities Available Electricity Connected
View Y/N false
Private Pool No
Building
Sewer Septic-Existing
Schools
Elementary Schools None/Other
Middle Schools None/Other
High Schools None/Other
Others
Tax ID 4000415640001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional