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    OFF-MARKET
    Land

    1902 Colonial Dr, Lovington, NM 88260

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    Property summary
    AI-generated overview

    This exceptional 7,020 square foot lot, located at 1902 W Colonial Drive in Lovington, New Mexico, presents a fantastic opportunity for building your dream home. Situated within an established subdivision, this property offers convenience and peace of mind. The lot measures approximately 52 feet by 135 feet, providing ample space for a mobile home or a custom-built residence. The significant advantage of near-site utilities simplifies the construction process and reduces upfront costs. The property is located in Lea County, New Mexico, with the zip code 88260. Its coordinates are 32.953733 latitude and -103.370447 longitude. Priced competitively at $55,000, this land parcel represents an excellent investment in a desirable location. Don't miss this chance to acquire a build-ready lot in a well-established community. Act quickly, as properties like this are in high demand. This is a prime opportunity to own a piece of Lovington and build your future. The property is classified as land and is ready for immediate development.

    Property profile
    Verified
    Property type Land
    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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