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    2300 Main St Lovington, NM 88260

    Sponsored
    For Sale
    $399,000

    24-Space RV Park, City Utilities, Owner Financing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a thriving 24-space RV park located at 2300 S Main Street, Lovington, New Mexico, zip code 88260. The property is priced at $399,000 and offers significant potential for income generation. Currently, each of the 24 RV spaces is rented at a monthly rate of $400, providing a substantial and consistent revenue stream. The park is conveniently situated and connected to city utilities, ensuring reliable service for residents. This turnkey operation minimizes operational complexities and allows for immediate income generation. The property's location in Lea County, New Mexico, offers easy access to local amenities and attractions. A key advantage is the availability of owner financing, making this an attractive proposition for investors seeking flexible payment options. This well-established RV park presents a rare opportunity to acquire a profitable business with strong rental income and the potential for future growth. The property is classified as Special Purpose and is ready for immediate ownership. Don't miss this chance to own a successful and established RV park in a desirable location. Serious inquiries are encouraged.

    Property Features for 2300 Main St

    General Information

    Property type
    Specialty properties

    HighLights

    • Thriving 24‑space RV park in Lovington, NM (zip code 88260), priced at $399,000.
    • Each of the 24 RV spaces generates $400/month in rental income.
    • Connected to city utilities.
    • Turnkey operation with immediate income potential.
    • Owner financing available.
    • Special Purpose property, ready for immediate ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.345281
    Latitude
    32.926996

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    FAQs

    What type of property is this?
    Specialty property - 24-Space RV Park, City Utilities, Owner Financing
    Where is this specialty property located?
    The property is located at 2300 Main St Lovington, NM.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Thriving 24-space RV park in Lovington, NM (zip code 88260), priced at $399,000.; Each of the 24 RV spaces generates $400/month in rental income.; Connected to city utilities.
    Request Owner's contact information
    2300 Main St 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
    2300 Main St Lovington, NM 88260
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