103 S 17th Street, Lovington, NM 88260

Listing agent Found Real Estate License #REC-2023-0297

Listing office Found Real Estate Show Phone

Listing date Apr 28, 2024

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Overview

Energy Plex RV Park is a 45-site RV community situated in Lovington, New Mexico, within the Permian Basin oil and gas region. The property benefits from city utilities and simple operations. It experiences strong demand from long-term tenants working in the regional energy industry. The park generates approximately $270,000 in annual gross revenue with an estimated NOI of approximately $202,355. Average rents are approximately $600 per site, providing stable income with potential upside through gradual rent optimization. Energy Plex operates with city water, sewer, and utilities, reducing operational complexity and improving long-term investment stability. In addition to the existing park, an additional 20 acres of adjacent land is available for purchase, creating a significant opportunity for future RV site expansion or additional workforce housing development. Owner financing is available, providing flexible acquisition options for qualified investors. Energy Plex RV Park represents a compelling opportunity for investors seeking strong cash flow in one of the most active energy regions in the United States.

Suggested Use

Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel 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

-103.3664045

Latitude

32.9479972

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FAQs

What type of property is this?

Mobile home & RV park - RV park in Permian Basin with strong cash flow.

Where is this mobile home & rv park located?

The property is located at 103 S 17th Street Lovington, NM.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: High Cap Rate: Approximately 14.45% at the $1.4M asking price, generating an estimated NOI of $202,355.; Strong Revenue: Generates approximately $270,000 in annual gross revenue.; Location: Located in Lovington, New Mexico, in the heart of the Permian Basin oil and gas region, benefiting from strong demand from long‑term tenants in the energy industry.