Property profile

214 K Ave Lovington, NM 88260

OFF-MARKET
Land
Built 1987
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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

Location

214 K Ave 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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