201 Ave A St, Lovington, NM 88260
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.