Lot/land

$800,000

4640 N Lovington Hwy, Hobbs, NM 88240

--beds

--baths

2.3Acres

Unimproved Land

Built in ----

2.3 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

This 2.3-acre property offers an excellent investment opportunity in a busy area of Hobbs, New Mexico. Located at 4640 N. Lovington Highway, the site benefits from outstanding exposure along one of the city’s well-traveled roads, providing strong visibility for businesses and future development.The property sits just south of the new Covenant Hospital, making it especially attractive for businesses that benefit from being near medical services. It is also close to several hotels, Zia Park Casino, and the CORE Family Wellness Center, which helps bring consistent traffic and a wide range of potential customers to the area.

73 days

17

1

Facts & features

Property

Parking

Parking features: Open
Has uncovered spaces: Yes
Details: Driveway

Lot

Size: 2.3 Acres

Details

Parcel number: 4000424580001

Utilities & green energy

Electric: Near-Site
Water: Near-Site, Well-Needed
Utilities for property: Natural Gas Not Available, Electricity Not Available, Water Available

Community & HOA

HOA

Has HOA: Yes

Location

Region: Hobbs

Financial & listing details

Tax assessed value: $98,089
Annual tax amount: $9,199
Date on market: 3/17/2026

Estimated market value

Not available

Estimated sales range

Not available

$3,690/mo

Price history

Date	Event	Price
3/17/2026	Listed for sale	$800,000-17.9%
Source: New Mexico MLS #20261537 Report a problem
2/19/2026	Listing removed	$975,000
Source: New Mexico MLS #20221074 Report a problem
11/25/2024	Price change	$975,000-18.9%
Source: New Mexico MLS #20221074 Report a problem
12/11/2023	Listed for sale	$1,202,256
Source: New Mexico MLS #20221074 Report a problem
11/30/2023	Listing removed	$1,202,256
Source: New Mexico MLS #20221074 Report a problem
7/15/2023	Listed for sale	$1,202,256
Source: New Mexico MLS #20221074 Report a problem
7/2/2023	Listing removed	$1,202,256
Source: New Mexico MLS #20221074 Report a problem
3/1/2022	Listed for sale	$1,202,256
Source: New Mexico MLS #20221074 Report a problem
10/22/2018	Sold	--
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,384 0%	$98,089
2024	$3,385 +2.6%	$98,089 +2.6%
2023	$3,300 +4.2%	$95,629 +3%
2022	$3,167 +3%	$92,844 +3.1%
2021	$3,073 +4.4%	$90,061 +2.6%
2020	$2,944 +4.5%	$87,810 +3%
2019	$2,818 +4.7%	$85,253 +4.3%
2018	$2,693 -15.2%	$81,766 -65.7%
2017	$3,175 +23.1%	$238,152 +1.6%
2015	$2,579	$234,501 +2.1%
2014	--	$229,584

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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