Property profile

8 Ave K St Lovington, NM 88260

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 11,780 square foot lot, located in Lovington, New Mexico, presents a unique opportunity for building a new home. Situated in the newly redivided J.L. Reed addition, this property boasts a generous lot size, ideal for creating a spacious and comfortable living environment. The address is Lot 12, Block 8, W Avenue K Street, Lovington, NM 88260. The location offers the potential for a tranquil setting while still being conveniently located within the community. This land is part of a planned development with building restrictions in place to maintain the aesthetic appeal and property values within the neighborhood. The asking price for this prime home site is $55,000. Buyers are encouraged to conduct their own due diligence regarding zoning regulations, building codes, and any other relevant factors before making a purchase decision. This is a rare opportunity to acquire a large lot in a desirable location, perfect for those seeking to build their dream home in a well-planned community. The property is ready for immediate development, making it an attractive investment for those looking to build quickly. Don't miss out on this chance to own a piece of Lovington, New Mexico.

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

Location

8 Ave K 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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