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    OFF-MARKET
    Land

    1411 Main St, Lovington, NM 88260

    Built 1965
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial land parcel, located at 1411 S Main Street in Lovington, New Mexico, presents a unique investment opportunity. The 3,750 square foot lot, measuring approximately 150 feet by 25 feet, is zoned for commercial use and offers significant potential for a variety of developments. Built in 1965, the property currently features existing structures including a studio, several bonus rooms, a restroom, and a kitchen area. These existing structures could be repurposed or removed to accommodate a new construction project. The property is being sold "AS IS," providing buyers with the flexibility to customize the site to their specific needs and vision. Situated in Lea County, New Mexico, with a zip code of 88260, this location offers convenient access to local amenities and transportation routes. The asking price for this versatile commercial land is $160,000. This represents a compelling opportunity to acquire a well-positioned property in a growing market. The property's existing structures offer immediate utility or the potential for redevelopment, making it an attractive option for both investors and entrepreneurs seeking a prime location for their business ventures. Don't miss this chance to secure this valuable piece of commercial real estate in Lovington, New Mexico.

    Property profile
    Verified
    Property type Land
    Year built 1965
    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
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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