Water Ave Lovington, NM 88260
- Land
- 50.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Water Ave
- Lot size
- 50.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 50-acre property, located in northeast Lovington, New Mexico, presents a unique investment opportunity. Currently used as pastureland in Lea County, this expansive tract offers significant potential for diverse development. Ideal for creating a custom-built home on acreage, or even a highly desirable subdivision featuring multiple homes on larger lots – a sought-after commodity in this area. The property is situated at TBD E Water, Lovington, NM 88260 (32.982899, -103.328654). While listed as approximately 50 acres, the exact acreage is subject to survey and potential redivision, allowing for negotiation of slightly smaller or larger parcels. The property has not yet been surveyed and separated. Covenants and restrictions will be established, subject to negotiation between buyer and seller, but generally, only site-built homes will be permitted
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
- -103.329
- Latitude
- 32.9829
