103 17Th St Lovington, NM 88260
- Commercial real estate
Current Use by Public Records
- EnergyPlex RV Park / Rv Park
Property Details for 103 17Th St
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a thriving RV park located at 103 S 17th Street, Lovington, New Mexico, 88260. The property encompasses approximately 5 acres of land, currently hosting 45 RV spaces, each generating a monthly rental income of $450. This translates to a substantial existing revenue stream. A significant advantage is the property's connection to city utilities, eliminating the complexities and costs often associated with establishing such infrastructure. The park's current success is further enhanced by the availability of an additional 20 acres of land directly behind the existing park, purchasable for an additional $250,000. This presents a unique opportunity for expansion and significant growth potential, allowing for a substantial increase in the number of RV spaces and associated revenue. The asking price for the existing 5-acre RV park with 45 spaces is $975,000. Owner financing is available, making this an even more attractive proposition for prospective buyers. This turnkey operation offers immediate income and the potential for substantial future returns. The property is classified as Special Purpose and is situated in Lea County, New Mexico. The coordinates are 32.9484489 latitude and -103.366099 longitude.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lovington
- County
- Lea
- State
- New Mexico
- Longitude
- -103.366099
- Latitude
- 32.9484489
