$400,000

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.