Property profile

9 Ave K St Lovington, NM 88260

OFF-MARKET
Land
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Property summary

AI-generated overview

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.

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

Location

9 Ave K St Lovington, NM 88260
Lovington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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