Property summary
This exceptional commercial property, located at 10576 W Stiles Road in Hobbs, New Mexico, presents a compelling investment opportunity. The property encompasses five acres of land and features a substantial 5,000 square foot shop, constructed in 2003. Currently utilized as a mechanic repair shop, the property's versatile design offers significant potential for a wide range of commercial ventures. Its prime location directly off Lovington Highway ensures high visibility and excellent accessibility, maximizing exposure to potential customers. The property is fully enclosed by a durable metal fence, providing security and privacy. Adding to its income-generating potential, the property includes two existing billboard signs, offering additional revenue streams. The shop's spacious layout and convenient location make it an ideal choice for businesses seeking a well-established and highly visible presence in the thriving Hobbs market. This turnkey operation is ready for immediate occupancy and presents a rare opportunity to acquire a significant commercial property in a desirable location. The asking price is $325,000. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
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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