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    OFF-MARKET
    Commercial real estate

    201 Ave A St, Lovington, NM 88260

    1,200 SF 0.17 ac lot Built 1950
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Year built 1950
    Total area 1,200 SF
    Lot 0.17 ac (7,405 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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