Property profile

201 Ave A St Lovington, NM 88260

OFF-MARKET
Commercial real estate
1,200 SF 0.17 ac lot Built 1950
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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

Location

201 Ave A St Lovington, NM 88260
Lovington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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