Property summary
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
VerifiedCap rate & NOI
Current use
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Mill Industrial Manufacturer
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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