Property profile

201 Ave A St Lovington, NM 88260

OFF-MARKET
Warehouses
Built 1950
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Property summary

AI-generated overview

This 7,500 square foot commercial warehouse property, located at 201 W Avenue A Street in Lovington, New Mexico, presents a compelling investment opportunity at an asking price of $85,000. Built in 1950, the property sits on a sizable lot and offers a versatile space suitable for a variety of uses. The building features a concrete floor, providing a durable and functional workspace. Privacy is ensured by a substantial pipe and tin fence encompassing the entire 7,500 square foot lot. Its proximity to the downtown Lovington area offers convenient access to local amenities and potential customer traffic. The property's adaptability makes it ideal for a small-scale business operation, such as a hobby shop, a small-scale mechanic's workshop, or a secure storage facility. The property is located in Lea County, New Mexico, with a zip code of 88260. This is a rare opportunity to acquire a well-located, functional commercial warehouse at an attractive price point. The property's solid construction and secure perimeter make it a low-maintenance investment with significant potential for future growth and return. Serious inquiries are encouraged to explore this promising investment opportunity further.

Property profile

Verified
Property type Warehouses
Year built 1950

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

201 Ave A 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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