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    Land

    14 Maine St, Lovington, NM 88260

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    Property summary
    AI-generated overview

    This exceptional investment opportunity presents two contiguous lots totaling 7,000 square feet, ideally situated on Maine Street in Lovington, New Mexico. Located in Lea County, the property is identified as TBD LOT 13 & 14, offering significant potential for development. The combined lot dimensions measure approximately 50 feet by 140 feet, providing ample space for a variety of uses. The asking price for this attractive parcel is $25,000. This represents a compelling entry point into the Lovington real estate market, a town known for its strong community and potential for growth. The property's location on Maine Street offers excellent visibility and accessibility. Given its size and location, this land is suitable for a range of projects, from residential construction to commercial ventures. The property is zoned for [insert zoning information if available in original text, otherwise omit this sentence]. Prospective buyers are encouraged to conduct their own due diligence to determine the suitability of the property for their intended use. Utilities are [insert utility information if available in original text, otherwise omit this sentence]. This is a rare opportunity to acquire a well-positioned lot in a growing New Mexico community. The property's address is TBD LOT 13 & 14 Maine Street, Lovington, NM 88260.

    Property profile
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    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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    Permitted uses
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