9 Ave K St, Lovington, NM 88260
This exceptional 12,000 square foot lot, located at Lot 2A, Block 9, W Avenue K Street in Lovington, New Mexico, presents a fantastic opportunity for building a new home. Situated in Lea County, zip code 88260 (latitude 32.9365339, longitude -103.3523271), this property is priced competitively at $55,000. The lot is designated for the construction of single-family brick homes, ensuring a cohesive and attractive neighborhood aesthetic. Subdivision restrictions are in place to maintain the quality and character of the community. Prospective buyers are encouraged to review these restrictions before making an offer. The generous lot size provides ample space for a comfortable home and landscaping. This is an ideal location for those seeking to build their dream home in a well-planned community. The property is classified as land and is ready for immediate development. Contact the office for more details regarding subdivision regulations and building requirements. Don't miss this chance to secure a prime building lot in Lovington, NM. Act quickly, as opportunities like this are rare.
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.