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    OFF-MARKET
    Commercial real estate

    1021 Main Cor, Lovington, NM 88260

    1,250 SF 0.26 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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