505 N Commercial Ave - 505 N Commercial
📍 505 N Commercial Ave - 505 N Commercial, Lovington, NM 88260
Monthly Rent
$1,500
📋 Property Overview
This small shop is perfect for a mechanic or automotive business looking for a functional, affordable workspace. The space offers room for vehicle repairs, tools, and daily operations, with easy access for customers and deliveries. Ideal for a local mechanic, tire shop, or similar service business ready to get to work.
🛡️ Renters Insurance — Estimated Cost
Estimated range for New Mexico at $20,000 – $24,999 of personal property
About $171–$217 a year.
Based on what New Mexico renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 89,603 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.
Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.
Compare what companies charge and get a real quote❓ Frequently Asked Questions
$1,500
per month
Use the buttons at the bottom of the screen to schedule a tour or apply online. Applications are reviewed within 1–3 business days.
💬 Questions about this property?
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