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    601 South 1St St Artesia, NM 88210

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    For Sale
    $699,000

    6,000 SF restaurant building on 1.15 acre lot.

    Property size:
    6,000 SF

    Property Features for 601 South 1St St

    General Information

    Size
    6,000 SF

    Source: Paul P. Partyka, CCIM, MiCP, CIPS Agent Paul P. Partyka, CCIM, MiCP, CIPS

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Steakhouse on Large Lot

    The property features a 6,000-square-foot building situated on a 1.15-acre lot. Formerly operated as the Pecos Diamond Steakhouse, a well-known restaurant, the property is being offered for sale. The restaurant recently closed, and some furniture, fixtures, and equipment (FF&E) are included in the sale. Ample parking is available on-site. The property is suitable for restaurants, retail properties, and turn-key restaurant operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

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

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

    Similar Places Nearby

    Big Jeff's BBQ

    Location Insight

    • Map
    • Local Demand
    City
    Artesia
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.3982482
    Latitude
    32.8480749

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    FAQs

    What type of property is this?
    Restaurant - 6,000 SF restaurant building on 1.15 acre lot.
    Where is this restaurant located?
    The property is located at 601 South 1St St Artesia, NM.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - 6,000± SF building on 1.15± acre site; - Ample parking available; - Formerly a well-known and successful restaurant
    (407) 341-0805
    Request Owner's contact information
    601 South 1St St Artesia, NM 88210
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    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
    601 South 1St St Artesia, NM 88210
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