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    OFF-MARKET
    Land

    8 Ave K St, Lovington, NM 88260

    Property ID
    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
    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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