8 Ave K St, Lovington, NM 88260
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.
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.