1021 Main Cor, Lovington, NM 88260
This exceptional 1,250 square foot commercial building presents a unique investment opportunity in the heart of Lovington, New Mexico. Situated on a 0.26-acre lot at the prominent 1021 S Main Corner address, this property boasts a highly visible location with significant potential for a variety of commercial uses. The building's adaptable layout makes it suitable for a wide range of businesses, from office spaces and retail ventures to a mechanic's shop or similar operations. The ample space allows for flexible configuration to meet the specific needs of the future tenant or owner. A key advantage is the inclusion of covered parking, providing convenient and protected parking for customers and employees. The property's prime location offers excellent visibility and accessibility, ensuring high traffic and exposure for any business operating within its walls. The asking price of $180,000 represents a compelling value for a property with such versatility and location advantages in a thriving New Mexico community. This is a rare opportunity to acquire a well-situated commercial building with significant upside potential. Serious inquiries are encouraged to explore the possibilities this property offers.
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.