Property profile

1411 Main St Lovington, NM 88260

OFF-MARKET
Land
Built 1965
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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

Location

1411 Main St Lovington, NM 88260
Lovington metro
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Value estimations

Realmo proprietary · 4 methods
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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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