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The regularization procedure for getting the four-dimensional nontrivial Einstein-Gauss-Bonnet effective description of gravity and its Lovelock generalization has been recently developed. Here we propose the regularization for the three-dimensional gravity, which is based on the resealing of the coupling constants and, afterward, taking the limit D -> 3. We obtain the generalization of the Bailados-Teitelboim-Zanelli solution in the presence of the higher curvature (Gauss-Bonnet and Lovelock) corrections of any order. The obtained general solution shows a peculiar behavior: The event horizon is allowed not only for asymptotically anti-de Sitter spacetimes, but also for the de Sitter and flat cases, when the Gauss-Bonnet coupling constant is negative. The factor of the electric charge is analyzed as well for various branches of the solution, and the Hawking temperature is obtained.