Property summary
This 1,200 square foot commercial building is ideally situated in Lovington, New Mexico, near the downtown area. Priced affordably at $85,000, this property presents a fantastic opportunity for a variety of businesses. The building features a durable concrete floor, perfect for various uses, from light manufacturing to retail. Privacy is ensured by a sturdy pipe and tin fence that completely encloses the 0.17-acre lot. This secure and private setting offers peace of mind for owners and their operations. The location's proximity to the downtown area provides excellent visibility and accessibility for customers and clients. The building's versatility makes it suitable for a range of uses, including a small hobby shop, a small-scale mechanic's workshop, or even secure storage. The property's size and features make it an attractive option for entrepreneurs seeking a cost-effective space to establish their business. The asking price represents a significant value for a property of this type in this location. Serious inquiries are encouraged to explore the potential of this versatile commercial space. Contact us today to schedule a viewing and discuss this exciting opportunity.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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