1413 S Main Street

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1413 S Main Street

Lovington, NM 88260
Asking Price
$170K
Asset Type
Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Mixed-use asset available for purchase in Lovington
  • Building encompasses a total of 1,800 square feet
  • Asking price for the property is 170,000 dollars
  • Located on South Main Street in Lea County
  • Versatile layout suitable for various business use cases

What's Special

This mixed-use property at 1413 S Main Street in Lovington, New Mexico, is currently available for purchase and presents a functional option for investors or business owners seeking a versatile asset in the Permian Basin region. Spanning 1,800 square feet, the building accommodates various commercial or residential configurations, making it a viable candidate for those looking to establish a local storefront or manage a multi-purpose investment. Its position along a primary thoroughfare provides consistent visibility within the local Lovington market, where the economy remains closely tied to regional industrial and energy sectors. The manageable footprint allows for efficient operational oversight or potential renovation to align with specific business goals. Whether utilized for retail operations, office space, or mixed-use habitation, this asset provides an entry point into a steady suburban market that serves the surrounding agricultural and energy-focused communities of southeastern New Mexico.

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NOI
$80,000
Cap Rate
47.06%
DSCR
7.93
Strong
Cash-on-Cash
137.07%
Monthly Payment
$841.067
Annual Cash Flow
$69,907.193

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