1411 Main St, Lovington, NM 88260
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.