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    1021 Main Cor Lovington, NM 88260

    For Sale
    $180,000

    Versatile Commercial Space, Great Location, Ample Parking

    Property size:
    1,250 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 1,250 square foot commercial building presents a unique investment opportunity in the heart of Lovington, New Mexico. Situated on a 0.26-acre lot at the prominent 1021 S Main Corner address, this property boasts a highly visible location with significant potential for a variety of commercial uses. The building's adaptable layout makes it suitable for a wide range of businesses, from office spaces and retail ventures to a mechanic's shop or similar operations. The ample space allows for flexible configuration to meet the specific needs of the future tenant or owner. A key advantage is the inclusion of covered parking, providing convenient and protected parking for customers and employees. The property's prime location offers excellent visibility and accessibility, ensuring high traffic and exposure for any business operating within its walls. The asking price of $180,000 represents a compelling value for a property with such versatility and location advantages in a thriving New Mexico community. This is a rare opportunity to acquire a well-situated commercial building with significant upside potential. Serious inquiries are encouraged to explore the possibilities this property offers.

    Property Features for 1021 Main Cor

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,250 SF
    Lot Size
    11,326 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.3485
    Latitude
    32.93845

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Commercial Space, Great Location, Ample Parking
    Where is this commercial real estate located?
    The property is located at 1021 Main Cor Lovington, NM.
    What is the asking price?
    The asking price for this property is $180,000.
    (575) 396-6280
    Request Owner's contact information
    1021 Main Cor Lovington, NM 88260
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1021 Main Cor Lovington, NM 88260
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