11357 Lovington Hwy Artesia, NM 88210
This exceptional 6,000 square foot commercial warehouse, situated on a fully fenced 1.15-acre lot in Artesia, New Mexico, presents a compelling investment opportunity. The property boasts a prime location at 11357 Lovington Highway, 88210, within Eddy County. The warehouse features a spacious shop area equipped with two gas heaters for efficient climate control. Separate office spaces are available both upstairs and downstairs, providing ample room for administrative functions. The upstairs office benefits from an HVAC unit for year-round comfort. Downstairs, the property includes two bathrooms and convenient storage closets. Access is facilitated by three overhead doors, ensuring ease of loading and unloading. A covered area extends from the back of the shop, offering additional protection and workspace. The property's classification includes land, industrial, and office uses, making it versatile and adaptable to a range of business needs. This fully fenced property represents a turnkey solution for businesses seeking a well-maintained and strategically located warehouse in a thriving area. The asking price is $565,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.