Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    220 Main St, Lovington, NM 88260

    1,500 SF Built 1954
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1,500 square foot commercial office building is perfectly situated in the heart of Lovington, NM, on South Main Street. Completely remodeled and move-in ready, this property presents a fantastic opportunity for a business seeking a prime downtown location. The building boasts five spacious rooms and two bathrooms, providing ample space for various office configurations. The thoughtful renovation ensures a modern and efficient workspace. A significant advantage is the ample parking available, a rare find in a bustling downtown area. The property's strategic location on Main Street offers excellent visibility and accessibility, ensuring high foot traffic and easy customer access. The building sits on four lots, providing significant potential for future expansion or additional parking. This turnkey solution eliminates the need for extensive renovations, allowing businesses to focus on operations from day one. The asking price of $280,000 represents exceptional value for a fully remodeled, downtown commercial property in a thriving New Mexico community. This is a rare opportunity to acquire a well-maintained, highly desirable commercial space in a prime location. Don't miss out on this chance to establish your business in the heart of Lovington.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1954
    Total area 1,500 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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 220 Main St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message