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    220 Main St Lovington, NM 88260

    For Sale
    $280,000

    Downtown Lovington, Move-In Ready Office

    Property size:
    1,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    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 Features for 220 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,500 SF

    Building Details

    Year Built
    1954
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.3489
    Latitude
    32.94635

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    FAQs

    What type of property is this?
    Commercial real estate - Downtown Lovington, Move-In Ready Office
    Where is this commercial real estate located?
    The property is located at 220 Main St Lovington, NM.
    What is the asking price?
    The asking price for this property is $280,000.
    (575) 263-6039
    Request Owner's contact information
    220 Main St 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
    220 Main St Lovington, NM 88260
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