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    1411 Main St Lovington, NM 88260

    Sponsored
    For Sale
    $160,000

    Prime 3,750 SF Commercial Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land parcel, located at 1411 S Main Street in Lovington, New Mexico, presents a unique investment opportunity. The 3,750 square foot lot, measuring approximately 150 feet by 25 feet, is zoned for commercial use and offers significant potential for a variety of developments. Built in 1965, the property currently features existing structures including a studio, several bonus rooms, a restroom, and a kitchen area. These existing structures could be repurposed or removed to accommodate a new construction project. The property is being sold "AS IS," providing buyers with the flexibility to customize the site to their specific needs and vision. Situated in Lea County, New Mexico, with a zip code of 88260, this location offers convenient access to local amenities and transportation routes. The asking price for this versatile commercial land is $160,000. This represents a compelling opportunity to acquire a well-positioned property in a growing market. The property's existing structures offer immediate utility or the potential for redevelopment, making it an attractive option for both investors and entrepreneurs seeking a prime location for their business ventures. Don't miss this chance to secure this valuable piece of commercial real estate in Lovington, New Mexico.

    Property Features for 1411 Main St

    General Information

    Property type
    Land

    Building Details

    Year Built
    1965

    HighLights

    • 3,750 SF commercial lot in Lovington, NM.
    • Located at 1411 S Main Street, Lea County, zip code 88260.
    • Zoned for commercial use.
    • $160,000 asking price.
    • Existing structures include studio, bonus rooms, restroom, and kitchen; can be repurposed or removed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.3483381
    Latitude
    32.9340023

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    FAQs

    What type of property is this?
    Land - Prime 3,750 SF Commercial Lot
    Where is this land located?
    The property is located at 1411 Main St Lovington, NM.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: 3,750 SF commercial lot in Lovington, NM.; Located at 1411 S Main Street, Lea County, zip code 88260.; Zoned for commercial use.
    Request Owner's contact information
    1411 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
    1411 Main St Lovington, NM 88260
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