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    Las Cruces, NM
    Conventional Restaurant

    Las Cruces, NM Conventional Restaurants for Sale

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    Mesilla, NM La Mesa, NM Dona Ana, NM Mesquite, NM Vado, NM Radium Springs, NM Berino, NM Anthony, NM
    Historic Restaurant Property in Las Cruces
    Updated: Sep 5, 2024
    Historic Restaurant Property in Las Cruces

    118 N Mesquite St, Las Cruces, NM 88001

    $775,000
    3,234 sqft
    Prime location in the Mesquite Historic District and Arts & Cultural District, near Klein Park and other businesses, with easy access to major roadways.
    Fully equipped, state‑of‑the‑art commercial kitchen, bar, and walk‑in wine closet built in 2020 with dedicated cooling.
    Extensive outdoor patio and bar expansion (almost 1000 sq ft) with lighting, drainage, heaters, and cooling systems.
    Historically preserved property with original features (light fixtures, windows, stone) meticulously restored and upgraded with commercial‑grade electrical and lighting.
    Additional land area available for expansion of event space or dining areas, plus a residential apartment for creative use.
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    This listing looks promising.

    Here's a quick look at some key insights for

    118 N Mesquite St, Las Cruces, NM 88001

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    • Est. Cap Rate

      3.8%
      NOI ÷ price

    • Est. NOI

      $30K
      Annual

    • Price @ 7% Cap

      $423K
      Suggested

    • Property Type

      Parcels With Improvements, Use Not Specified
      Built 1960
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Las Cruces, 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.

    Turnkey Restaurant with Patio
    Turnkey Restaurant with Patio

    304 N Bullard Street, Silver City, NM 88061

    $399,000
    1,800 sqft 1.00 AC lot

    Turnkey restaurant property with a certified kitchen and covered patio, built in 1930 and remodeled in 2012.

    View details
    Silver City Commercial Opportunity
    Silver City Commercial Opportunity

    503 N Hudson Street, Silver City, NM 88061

    $450,000
    3,315 sqft 0.31 AC lot

    Commercial building in the heart of Silver City, New Mexico.

    View details
    Commercial Property with Privacy Wall
    Commercial Property with Privacy Wall

    6384 DONIPHAN Drive, El Paso, TX 79932

    $475,000
    0.27 AC lot

    Well maintained commercial site in C3 zoning with perimeter high wall and gated access for added privacy.

    View details
    Freestanding Restaurant and Bar
    Freestanding Restaurant and Bar

    2600 N Piedras St, El Paso, TX 79930

    Contact for pricing

    Freestanding restaurant and bar with full-service kitchen, walk-in refrigeration, and ample outdoor space for events.

    View details

    Las Cruces, NM Conventional Restaurants Market Trends and Statistics

    Explore 1 conventional restaurants for sale in Las Cruces, NM on our real estate platform. These investment opportunities span a total of 3,234 square feet of properties for sale, with an estimated market value of $775,000.

    Sale prices for conventional restaurants in Las Cruces, NM start at $775,000, averaging $775,000, and reaching up to $775,000 — 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

    Demographics Overview

    Population 159K
    Population Growth (5Y) +10.5%
    Median Household Income $57,444
    College Educated 43.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    88001 $625K

    Taxes & Financing

    Tax Rate (average for all types) 3.37%
    Property Tax per SF $72.66 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Dona Ana County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Las Cruces fall within the 100,000+ square foot range.

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