Property profile

1021 Main Cor Lovington, NM 88260

OFF-MARKET
Commercial real estate
1,250 SF 0.26 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Total area 1,250 SF
Lot 0.26 ac (11,326 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1021 Main Cor 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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