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Property profile

414 Avenue D Lovington, NM 88260

OFF-MARKET
Retail properties & Spaces
2,400 SF
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Property summary

AI-generated overview

This vacant 2,400 square foot retail building, located at 414 W Ave D in Lovington, New Mexico (zip code 88260), presents a unique investment opportunity. Situated on a 14,500 square foot lot at a busy intersection (Ave D & 5th), this property boasts a rich history, originally constructed as a Circle K convenience store. While requiring some renovation, the building's solid structure retains much of its original charm, reminiscent of iconic 1970s and 1980s Circle K stores. Interior renovations are needed, including pigeon removal and cleanup from the awning and interior. The property currently houses a separate ice machine business, which is not included in the sale; however, the current owner may be willing to lease the space to the buyer or potentially sell the business separately. The versatile space offers numerous possibilities, including a retail storefront, office space, or even a restaurant. A comparable building in the town has successfully operated as a popular restaurant for years, demonstrating the potential for diverse uses. The seller may be open to negotiating terms to assist with the necessary renovations. This property is priced at $170,000.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,400 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Mill Industrial Manufacturer

Location

414 Avenue D 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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