Divisible Retail
New
For Sale
$460,000
107 E Washington Avenue, Lovington, NM 88260
CommercialSale, Lovington, NM
Property SizeContact for details
Lot Size0.15 Acres
Days on Market4
Property Features for 107 E Washington Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C-1
Parking
5
Parking features
On Street
Directions
From Main Street in Lovington, go east on Washington. The property will be on the left.
Subdivision
490 - Lea
Standard status
Active
APN
4000255350001
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
656
Utilities
Cooling system
Multi Units
Building Details
Floors in Building
1
Building materials
Block
Listing Agency:
EXP Realty LLC
(505) 554-3873
Listed By:
Coralee H Quintana · License #48091
(505) 639-1266
Added: Sep 21
Last Checked: Sep 24 at 4:06PM
MLS# 1111341
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This block-construction retail storefront includes the adjoining spaces at 107 and 109 E Washington Avenue, which can be divided into two units. The property is occupied by a retail dispensary tenant under a short-term lease extending through October 2026. Cooling is provided by multiple units, with on-street parking available.
The property occupies 0.15 acres in Lovington’s Main Street business district. Restaurants, breweries, and the courthouse across the street provide established surrounding activity, while additional free parking is available across the street. Five non-metered curbside spaces are also identified for the property.
The property occupies 0.15 acres in Lovington’s Main Street business district. Restaurants, breweries, and the courthouse across the street provide established surrounding activity, while additional free parking is available across the street. Five non-metered curbside spaces are also identified for the property.
Key Highlights
- 0.15‑acre retail storefront property in Lovington
- Spaces at 107 and 109 E Washington Avenue can be divided into 2 units
- Retail dispensary tenant with lease term through October, 2026
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 26%
Home Improvements & Furnishings 7%
McDonald's
Dining
18,581 visits/mo
0.4 miles
Dollar General
Shops & Services
8,522 visits/mo
0.4 miles
SONIC Drive In
Dining
8,133 visits/mo
0.4 miles
Allsups
Shops & Services
5,799 visits/mo
0.4 miles
KFC
Dining
4,347 visits/mo
0.4 miles
Demographics for 88260, NM
15,569
Population
5,474
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
75%
High-School Grad
814.9 sq mi
ZIP Area
19
Density / Sq Mi
$75,197
Median Household Income
$40,356
Median Earnings
$1,081
Median Rent
$174,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - The storefront can be configured as two separate retail units.
Where is this storefront property located?
The property is located at 107 E Washington Avenue Lovington, NM.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 0.15‑acre retail storefront property in Lovington; Spaces at 107 and 109 E Washington Avenue can be divided into 2 units; Retail dispensary tenant with lease term through October, 2026
