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    6 Main St Lovington, NM 88260

    Sponsored
    For Sale
    Contact for pricing

    7,000 sq ft buildable land in Lovington, NM

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents two contiguous lots totaling 7,000 square feet, ideally situated on Main Street in Lovington, New Mexico. Located in Lea County, this property boasts a prime location within a thriving community, offering significant potential for development. The lots are conveniently situated at TBD LOT 5 & 6 Main Street, Lovington, NM 88260, with GPS coordinates of 32.9753361 latitude and -103.4511768 longitude. The combined lot size provides ample space for a variety of commercial or residential projects. The asking price for this exceptional land parcel is $25,000, representing a compelling investment opportunity in a growing New Mexico market. The dimensions of the combined lots are 50 feet by 140 feet, providing a rectangular footprint suitable for efficient design and construction. This property is zoned for [Zoning information not provided, therefore cannot be included]. Prospective buyers are encouraged to conduct their own due diligence to confirm zoning and development regulations. This is a rare chance to acquire a substantial piece of land in a desirable location, making it an attractive proposition for developers, investors, or anyone seeking to build in Lovington. Don't miss this chance to secure this valuable asset.

    Property Features for 6 Main St

    General Information

    Property type
    Land

    HighLights

    • Two contiguous lots totaling 7,000 square feet on Main Street, Lovington, NM.
    • Located in Lea County, offering significant development potential.
    • Address: TBD LOT 5 & 6 Main Street, Lovington, NM 88260 (32.9753361, -103.4511768).
    • Combined lot dimensions: 50 feet x 140 feet.
    • Asking price: $25,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.4511768
    Latitude
    32.9753361

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    FAQs

    What type of property is this?
    Land - 7,000 sq ft buildable land in Lovington, NM
    Where is this land located?
    The property is located at 6 Main St Lovington, NM.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: Two contiguous lots totaling 7,000 square feet on Main Street, Lovington, NM.; Located in Lea County, offering significant development potential.; Address: TBD LOT 5 & 6 Main Street, Lovington, NM 88260 (32.9753361, -103.4511768).
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    6 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
    6 Main St Lovington, NM 88260
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