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    OFF-MARKET
    Land

    214 K Ave, Lovington, NM 88260

    Built 1987
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial land opportunity in Lovington, New Mexico, presents a 7,420 square foot lot (approximately 140ft x 53ft) ideally suited for a diverse range of commercial ventures. Located at 214 E K Avenue, 88260, this property boasts a strategic position within Lea County. The existing structure, built in 1987, offers approximately 1571 square feet of usable space, featuring two large garage doors, a restroom, and a small office. This versatile layout is perfectly adaptable for a repair shop, trucking or oilfield service business, or other similar operations. The property is being sold in its "as is" condition, providing a blank canvas for buyers to customize and develop according to their specific needs. The asking price is $120,000. This presents a compelling investment opportunity in a thriving New Mexico commercial market. The property's size and existing infrastructure make it an attractive option for entrepreneurs seeking a ready-to-use space or a foundation for a new commercial development. Don't miss this chance to acquire a valuable piece of Lea County real estate.

    Property profile
    Verified
    Property type Land
    Year built 1987
    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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