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    5 Six Shooter Rd Lovington, NM 88260

    For Sale
    Contact for pricing

    Prime Lea County land, 3,700 sq ft.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional opportunity presents two contiguous lots totaling 3,700 square feet, ideally situated off Six Shooter Road in Lovington, New Mexico. Located in Lea County, this property boasts a convenient address at TBD Lot 5 & 6 Six Shooter, zip code 88260. The land is rectangular, measuring approximately 25 feet wide by 148 feet deep, offering considerable potential for various development projects. With its strategic location in Lovington, this property provides easy access to local amenities and infrastructure. The asking price for this combined parcel is an attractive $6,000, making it an exceptional value for investors and developers seeking a foothold in this dynamic New Mexico market. The property's dimensions and location make it suitable for a range of uses, subject to local zoning regulations. Serious inquiries are encouraged to explore the possibilities of this promising land investment. The coordinates for this property are latitude 33.2499654 and longitude -103.3183377. This is a rare opportunity to acquire a well-positioned lot in a growing area.

    Property Features for 5 Six Shooter Rd

    General Information

    Property type
    Land

    HighLights

    • Two contiguous lots totaling 3,700 square feet in Lovington, NM.
    • Located at TBD Lot 5 & 6 Six Shooter Rd, Lovington, NM 88260.
    • Rectangular lots, approximately 25' x 148'.
    • Asking price: $6,000.
    • Suitable for various development projects (subject to zoning).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Repair Shop Clothing Store Pharmacy Department Store Kitchen & Bath Smoke and Vape Shop Home Appliance Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.3183377
    Latitude
    33.2499654

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    FAQs

    What type of property is this?
    Land - Prime Lea County land, 3,700 sq ft.
    Where is this land located?
    The property is located at 5 Six Shooter Rd Lovington, NM.
    What is the asking price?
    The asking price for this property is $6,000.
    What are key features of this property?
    This property features: Two contiguous lots totaling 3,700 square feet in Lovington, NM.; Located at TBD Lot 5 & 6 Six Shooter Rd, Lovington, NM 88260.; Rectangular lots, approximately 25' x 148'.
    Request Owner's contact information
    5 Six Shooter Rd Lovington, NM 88260
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    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
    5 Six Shooter Rd Lovington, NM 88260
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