214 K Ave, Lovington, NM 88260
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.
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.