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Property profile & analytics
OFF-MARKET
Commercial real estate

220 Main St Lovington, NM 88260

1,500 SF Built 1954
Property ID
Property summary
AI-generated overview

This exceptional 1,500 square foot commercial office building is perfectly situated in the heart of Lovington, NM, on South Main Street. Completely remodeled and move-in ready, this property presents a fantastic opportunity for a business seeking a prime downtown location. The building boasts five spacious rooms and two bathrooms, providing ample space for various office configurations. The thoughtful renovation ensures a modern and efficient workspace. A significant advantage is the ample parking available, a rare find in a bustling downtown area. The property's strategic location on Main Street offers excellent visibility and accessibility, ensuring high foot traffic and easy customer access. The building sits on four lots, providing significant potential for future expansion or additional parking. This turnkey solution eliminates the need for extensive renovations, allowing businesses to focus on operations from day one. The asking price of $280,000 represents exceptional value for a fully remodeled, downtown commercial property in a thriving New Mexico community. This is a rare opportunity to acquire a well-maintained, highly desirable commercial space in a prime location. Don't miss out on this chance to establish your business in the heart of Lovington.

Property profile
Verified
Property type Commercial real estate
Year built 1954
Total area 1,500 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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