Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    20,104 SF Retail Building Title is generated by Realmo AI

    1011 W Ave D, Lovington, NM

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Retail building with Dollar Tree and vacancy in Lovington, NM.

    Type:RETAIL
    Property size:
    20,104 SF
    Lot size:
    0.85 Acres
    Price / SF:
    $62/SF
    Added:
    Dec 14, 2023
    Days on Market:
    914
    Last Refresh:
    May 20 at 8:51 pm

    Property Features for 1011 W Ave D

    General Information

    Standard status
    Active
    Size
    20,104 SF
    Lot size
    0.85 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Kyle Boliver

    Listing agent Kyle Boliver

    Listing office Trinity Real Estate Investment Services - Corporate

    Listing date Dec 14, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Trinity Real Estate Investment Services - Corporate

    HighLights

    • Large 20,104 SF Building with 50% Vacancy
    • Dollar Tree Tenant With 2+ Years Remaining
    • NN Lease With Minimal Landlord Responsibilities
    • Excellent Visibility Along W Avenue D With 5,843 VPD
    • Located in Lovington, County Seat of Lea County (73,000+ Residents)
    • Corner Lot With Multiple Points of Entry

    Overview

    This 20,104 square foot retail building is located in Lovington, New Mexico, the county seat of Lea County, which has a county population of over 73,000 residents. The property benefits from excellent visibility along W Avenue D, with a traffic count of 5,843 vehicles per day. It is situated on a corner lot with multiple points of entry and is located near numerous national tenants. The building is currently occupied by Dollar Tree, which occupies 10,000 square feet and has over two years remaining in its current term with options to extend. The lease is a NN lease with minimal landlord responsibilities. This leaves a 50% vacancy percentage in the building. Lovington is located 21 miles from Hobbs, the largest city in Lea County and the most livable city in the Permian Basin. The building was built to accommodate a larger volume of customers.
    Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Car Rental Facility Lovington Tire Pros (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.361
    Latitude
    32.9437

    Nearby Similar for Sale

    • $19,715,000
      48,997 SF

      NNN Leased United Supermarkets Asset

      20-year NNN lease with rental increases in Lovington, NM.
      1415 N Main St, Lovington, NM 88260
      View Details
    • $1,400,000

      Lovington RV Park with Expansion

      Turn-key RV park with expansion potential in Lovington, NM.
      103 S 17th Street, Lovington, NM 88260
      View Details
    • $1,400,000

      45-Site RV Park in Lovington

      RV park in Permian Basin with strong cash flow.
      103 S 17th Street, Lovington, NM 88260
      View Details
    • $609,000

      406 Acres Ranch Land, Lovington

      406 acres of ranch land with easy highway access.
      406 Acres Spears Rd And State Line Road, Lovington, NM 88260
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail building with Dollar Tree and vacancy in Lovington, NM.
    Where is this storefront property located?
    The property is located at 1011 W Ave D Lovington, NM.
    What is the asking price?
    The asking price for this property is $1,250,045.
    What are key features of this property?
    This property features: Large 20,104 SF Building with 50% Vacancy; Dollar Tree Tenant With 2+ Years Remaining; NN Lease With Minimal Landlord Responsibilities
    (940) 395-2353 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kyle Boliver
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1011 W Ave D, Lovington, NM
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!