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    Land

    7 Commercial St, Lovington, NM 88260

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    Property summary
    AI-generated overview

    This exceptional 4,450 square foot commercial lot presents a unique investment opportunity in Lovington, New Mexico. Located at TBD Lot 7 Commercial Street, zip code 88260, this property boasts a convenient 25 x 175 foot dimension, offering excellent potential for various commercial developments. Its prime location offers easy access to key community amenities. The lot is situated in close proximity to the Lea County Fair Grounds and Chaparral Park, providing high visibility and convenient access for potential businesses. The asking price for this land is $10,000, making it an attractive proposition for investors seeking a strategic foothold in a growing area. The property is classified as vacant land, providing a blank canvas for future development plans. Given its size and location, this lot is ideal for a range of commercial ventures, from retail spaces to light industrial uses. The property's address is TBD Lot 7 Commercial Street, Lovington, NM 88260, within Lea County. Its geographical coordinates are latitude 32.9475223 and longitude -103.3413874. This presents a rare chance to acquire a well-positioned commercial lot in a desirable location at a competitive price. Serious inquiries are encouraged to explore the possibilities this property offers.

    Property profile
    Verified
    Property type Land
    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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