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    OFF-MARKET
    Land

    3923 Gill Tract B Rd, Lovington, NM 88260

    9.82 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 9.816-acre parcel of land presents a unique opportunity for those seeking a tranquil rural setting in Lea County, New Mexico. Located at 3923 S Gill Tract B Road, Lovington, NM 88260 (32.9753361, -103.4511768), this property offers significant potential for various uses. The expansive lot provides ample space for building a custom home, placing a manufactured home, or establishing a small ranch. The absence of known restrictions allows for considerable flexibility in development plans. A significant advantage of this property is the inclusion of 10 acres of water rights, a valuable asset in this region, ensuring a reliable water supply for any future projects. The asking price for this remarkable property is $110,000. This represents a compelling investment opportunity given the land's size, the inclusion of water rights, and the lack of restrictive covenants. Buyers are encouraged to conduct their own due diligence to verify all aspects of the property and its suitability for their intended use. The property is conveniently located in Lovington, providing access to local amenities while still offering the peace and quiet of rural New Mexico. Don't miss this chance to own a piece of Lea County.

    Property profile
    Verified
    Property type Land
    Lot 9.82 ac (427,585 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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