Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    218 S 1St St Lovington, NM 88260

    Sponsored
    For Sale
    $850,000

    Restaurant - Lovington, NM

    Property size:
    2,638 SF
    Days on Market:
    16
    Last Refresh:
    Jan 6 at 8:06 pm

    Property Features for 218 S 1St St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    4000211520001 and 4000236230001
    Parking
    45
    Parking features
    Paved or Surfaced
    Exterior features
    Irregular Lot, Paved
    Size
    2,638 SF

    Building Details

    Building materials
    Block, Metal Siding, Stucco
    Roof type
    Flat, Metal
    Architectural style
    Other

    Robinson & Associates Real Estate (575) 392-0266 [email protected]

    Listing agent Robbie Robinson (575) 392-0266

    Listing date Dec 22, 2025

    MLS# 20257104 Listing URL

    Copyright © 2026 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant in Lovington, NM

    The Jimenez Rancho Grande Mexican Food Restaurant, a well-established business with an excellent reputation, is available for purchase. This thriving business is situated in a historic Lovington building featuring traditional Spanish adobe construction and an enthusiast atmosphere. The property includes three main seating rooms, along with a private party room located in the back corner. A full-service commercial kitchen is equipped to serve large crowds. The property also benefits from a large, newly paved, and expanded parking lot. The building size is 2,638 square feet. This is a turn-key opportunity with great return on investment. The property is located in the center of town at 218 S 1st Street, Lovington, NM 88260.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jimenez Rancho Grande Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lovington
    County
    Lea
    State
    New Mexico
    Longitude
    -103.350099
    Latitude
    32.946382

    Nearby Similar for Sale

    • $155,000
      2,980 SF

      Commercial Property on Corner Lot

      Multi-functional commercial property with open floorplan and large parking lots.
      600 S 2Nd St, Lovington, NM 88260
      View Details
    • $1,250,045
      20,104 SF

      20,104 SF Retail Building

      Retail building with Dollar Tree and vacancy in Lovington, NM.
      1011 Avenue D W, Lovington, NM 88260
      View Details
    • $325,000
      1,150 SF

      Lovington Retail Property For Sale

      Retail property in high-traffic Lovington location with great visibility.
      121 Avenue D W, Lovington, NM 88260
      View Details
    • $900,000

      Lovington RV Park Investment Opportunity

      Established RV Park, 45 Spaces, Expansion Potential
      103 17Th St, Lovington, NM 88260
      View Details
    • $900,000
      10.00 Acres

      Lovington Commercial Property - 10 Acres

      Spacious Shop & RV Hookups - Excellent Investment
      315 Avenue R, Lovington, NM 88260
      View Details
    • $280,000
      1,500 SF

      Lovington Commercial Office Building

      Downtown Lovington, Move-In Ready Office
      220 Main St, Lovington, NM 88260
      View Details
    • $180,000
      1,250 SF

      Lovington Commercial Building - Prime Location

      Versatile Commercial Space, Great Location, Ample Parking
      1021 Main Cor, Lovington, NM 88260
      View Details
    • $350,000

      Lovington RV Park Investment

      24-Space RV Park, High Income Potential
      2300 Main St, Lovington, NM 88260
      View Details
    • $399,000

      Lovington RV Park Investment Opportunity

      24-Space RV Park, City Utilities, Owner Financing
      2300 Main St, Lovington, NM 88260
      View Details
    • $975,000

      Lovington RV Park: Prime Investment

      Established RV Park, 45 spaces, expansion potential.
      103 17Th St, Lovington, NM 88260
      View Details

    FAQs

    What type of property is this?
    Restaurant - Thriving restaurant property for sale in central Lovington.
    Where is this restaurant located?
    The property is located at 218 S 1St St Lovington, NM.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Famous, thriving Mexican restaurant business and property for sale.; - Well-established business with excellent reputation in central location.; - Turnkey operation with great return on investment.
    (575) 390-7073
    Request Owner's contact information
    218 S 1St St Lovington, NM 88260
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    218 S 1St St
    Lovington, NM 88260
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    218 S 1St St Lovington, NM 88260
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.