- For Sale $2,242,000
- Property Type VacantLand
- Lot Size 8.74 Acre
- Date Updated Jul 3, 2026
Description
Located at Hobbs’ key retail intersection this site offers endless opportunity! This site is intended to permit a wide range of large- and small-scale retail businesses that are compatible with the desired commercial growth for this area.Plaza Hobbs is a multi-parcel project (+- 8.74 acres) at the southeast corner of N. Lovington Highway and the newly established Magnolia Drive. Texas Roadhouse is the anchor. They have experienced a stellar grand opening and a continued trend of top sales and service performance into 2024. Pad 2 has been sold to Blake’s Lotaburger, a regional hamburger chain, with development plans targeted for 2025.
Ingress/egress is shared along N. Lovington Highway and Magnolia Drive.
A multi-user pylon sign is positioned along N. Lovington Highway and this is shared by the users of the project.
Phase II is a +-4.291 gross acres which shares parking and drive aisles for the entire project – see highlighted plat.Plaza Hobbs is a multi-parcel project (+- 8.74 acres) at the southeast corner of N. Lovington Highway and the newly established Magnolia Drive. Texas Roadhouse is the anchor. They have experienced a stellar grand opening and a continued trend of top sales and service performance into 2024. Pad 2 has been sold to Blake’s Lotaburger, a regional hamburger chain, with development plans targeted for 2025.
Ingress/egress is shared along N. Lovington Highway and Magnolia Drive.
A multi-user pylon sign is positioned along N. Lovington Highway and this is shared by the users of the project.
Phase II is a +-4.291 gross acres which shares parking and drive aisles for the entire project – see highlighted plat.
Highlights
- Excellent traffic count: 23,967 vehicles per day
- Multiple access points
- Over 80,000 residents within a 30 minute drive of this site
- Phase 2: +-4.291 gross acres with shared parking and drive aisles.
- Shared pylon signage along N. Lovington Highway
False
Contacts
Steve Lyon, CCIM
SVN | Walt Arnold Commercial Brokerage
Location
Contact Listing Broker
Steve Lyon, CCIM
SVN | Walt Arnold Commercial Brokerage