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.
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0BEDS
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0.08ACRES
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0BATHS
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01/2 BATHS
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2,400SQFT
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$104$/SQFT
School Ratings & Info
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.
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