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Downtown Restaurant Building
For Sale
$195,000

116-118 E 3rd Street Streets, Roswell, NM 88201

Restaurant property with a recently installed roof, included land footprint, and parking available nearby.

Property Size4,066 SF
Days on Market93

Property Features for 116-118 E 3rd Street Streets

General Information

Standard status Active
Size 4,066 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $1,606

Building Details

Building Size 4,066 SF
Buildings 1
Listing Agency: Ranchline Taylor & Taylor Realtors
Listed By: Melodi Salas · License #7994
Source: Wendymiletarealtor
Added: May 11 Changed: Aug 11 Last Checked: Aug 11 at 7:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ranchline Taylor & Taylor Realtors

Investment Insights

Based on property information with market context.

This conventional restaurant property includes the building and the land footprint on which it sits. A new roof was installed by Do-Right Roofing. The property is offered in its current condition and requires remodeling, with the buyer responsible for evaluating the improvements and determining the scope of work.

Located in downtown Roswell, the property has street parking as well as access to a City parking lot across the street. The offering combines an existing restaurant building with its associated land area in a central downtown setting.

Key Highlights

  • New roof installed by Do‑Right Roofing
  • Restaurant building and land footprint included
  • Downtown Roswell location

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Parking Lot & Garage Storage Facility Locksmith Catering Service (Bike/Boat/Book/etc) Store Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,288
Businesses Nearby
100k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 85% Shops & Services 8% Electronics 3% Hotels & Casinos 3%
McDonald's Dining
47,655 visits/mo 0.3 miles
SONIC Drive In Dining
18,221 visits/mo 0.4 miles
Buffalo Wild Wings Dining
14,336 visits/mo 0.4 miles
Diamond Shamrock Shops & Services
3,627 visits/mo 0.3 miles
Verizon Electronics
2,847 visits/mo 0.1 miles

Demographics for 88201, NM

26,471
Population
11,738
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
87%
High-School Grad
2,643.3 sq mi
ZIP Area
10
Density / Sq Mi
$62,752
Median Household Income
$36,935
Median Earnings
$957
Median Rent
$202,600
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant property with a recently installed roof, included land footprint, and parking available nearby.
Where is this conventional restaurant located?
The property is located at 116-118 E 3rd Street Streets Roswell, NM.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: New roof installed by Do‑Right Roofing; Restaurant building and land footprint included; Downtown Roswell location
More about this property
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