806 Main St, Hobbs, NM 88240
This exceptional commercial property in Hobbs, New Mexico, presents a fantastic opportunity for a thriving business. Located at 806 W Main Street, this 20,860 square foot lot houses a well-established auto or diesel mechanic shop, complete with four spacious bays ideal for servicing a wide range of vehicles. The property's strategic location on Main Street ensures high visibility and convenient customer access, complemented by ample on-site parking. The building itself offers a functional layout, including a dedicated office space, a restroom, and substantial storage areas, maximizing efficiency and workspace. The 0.48-acre lot provides generous space for vehicle storage and future expansion. The asking price for this turnkey operation is $550,000, representing a compelling investment in a robust commercial market. This property is situated in Lea County, New Mexico, and boasts a prime location with easy access for customers and employees. The combination of its size, location, and existing infrastructure makes this an attractive proposition for entrepreneurs seeking a ready-to-use commercial space. The property is zoned for commercial use and is ready for immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.