Property summary
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
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
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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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