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    Hobbs, NM
    Conventional Restaurant

    Hobbs, NM Conventional Restaurants for Sale

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    Monument, NM Eunice, NM
    Drive-Through Restaurant with Expansion Land
    Updated: Sep 18
    Drive-Through Restaurant with Expansion Land

    1615 W Millen DR, Hobbs, NM 88240

    $2,300,000
    2,585 sqft 7.61 AC lot
    2,585‑square‑foot retail and restaurant building
    Drive‑through window with large parking lot
    7.61 acres total site area
    1.135 acres developed with building and parking
    Additional 6.475 acres for future development
    View details
    Fully Equipped Operating Restaurant
    Updated: Jul 20
    Fully Equipped Operating Restaurant

    604 E Broadway ST, Hobbs, NM 88240

    $675,000
    Fully equipped, operating restaurant for sale
    Owner financing available
    Showings only on Sundays and Mondays when the restaurant is closed
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Hobbs, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Restaurant with Bar and Cooler
    Restaurant with Bar and Cooler

    1613 W Broadway, Andrews, TX 79714

    $550,000
    2,436 sqft 0.28 AC lot

    A metal-sided restaurant includes multiple seating arrangements, kitchen improvements, and propane gas service.

    View details
    Restaurant with Commercial Kitchen
    Restaurant with Commercial Kitchen

    218 S 1st St, Lovington, NM 88260

    $775,000
    2,638 sqft

    Three seating rooms include a private party area and a full-service kitchen.

    View details
    Restaurant Building with Bar
    Restaurant Building with Bar

    1613 W Broadway St, Andrews, TX 79714

    $550,000
    2,436 sqft 0.28 AC lot

    A furnished dining space includes a bar, multiple seating arrangements, and a walk-in cooler and freezer.

    View details
    Turn-Key Mexican Restaurant Property
    Turn-Key Mexican Restaurant Property

    218 S 1st ST, Lovington, NM 88260

    $775,000

    Spanish adobe restaurant with three main seating rooms, full commercial kitchen, and an expanded newly paved parking lot.

    View details

    Hobbs, NM Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Hobbs, NM on our real estate platform. These investment opportunities span a total of 2,585 square feet of properties for sale, with an estimated market value of $2,975,000.

    Sale prices for conventional restaurants in Hobbs, NM start at $675,000, averaging $1,487,500, and reaching up to $2,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 2
    Drive through restaurants 2
    Coffee shops 1

    Demographics Overview

    Population 50K
    Population Growth (5Y) +4.5%
    Median Household Income $69,020
    College Educated 12.0%

    High-Yield Neighborhoods for Investment

    Identify Hobbs submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    88240 $1.5M

    Taxes & Financing

    Tax Rate (average for all types) 2.68%
    Property Tax per SF $10.31 per SF
    Tax Rate vs County Average 0.11 pp below county avg
    Average Loan-to-Value 65.0%

    How Realmo verifies these figures

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    Popular Searches in Hobbs, NM

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    Most Searched ZIP Codes in Hobbs, NM

    • 88240

    Featured Hobbs Real Estate Agencies

    Realmo connects you with licensed Hobbs CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Robinson & Associates Real Estate
    3319 N. Grimes Suite B Hobbs, NM 88240
    Phone: (575) 392-0266
    www.leacountyhomes.com
    Burkett-Shaw Realty
    5610 North Grimes Hobbs, NM 88242
    Phone: (575) 399-0272
    www.burkettshawrealty.com/
    Casa Oasis Realty, LLC
    215 W. Broadway Ste 2 Hobbs, NM 88240
    Phone: (575) 393-8058
    Why this one?
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