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    OFF-MARKET
    Land

    406 Acres Spears Rd And State Line Rd, Lovington, NM 88260

    406.09 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 406.09-acre property presents a unique investment opportunity in Lea County, New Mexico. Located on Spears Road and State Line Road, this expansive land parcel boasts convenient access to Plains Highway, offering excellent accessibility. The terrain is predominantly flat and features native vegetation, creating a versatile landscape suitable for various uses. A small farmhouse is situated at the southwest corner of the property, providing existing infrastructure. The asking price for this substantial land holding is $609,000. The property's size and location in Lovington, NM, zip code 88260, make it ideal for a range of development projects or as a significant land investment. The coordinates are 32.9753361 latitude and -103.4511768 longitude. Given its size and location, this property offers significant potential for future growth and development. The largely flat and native terrain presents a blank canvas for various uses, from agricultural pursuits to potential subdivision or commercial development. The existing small farmhouse adds to the property's value and could serve as a starting point for future improvements. This is a rare opportunity to acquire a substantial land parcel in a desirable location with excellent access to major roadways. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Land
    Lot 406.09 ac (17,689,280 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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