Property profile

220 Main St Lovington, NM 88260

OFF-MARKET
Commercial real estate
1,500 SF Built 1954
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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

Location

220 Main St Lovington, NM 88260
Lovington metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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