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Restaurant with Commercial Kitchen
For Sale
$775,000

218 S 1st St, Lovington, NM 88260

Commercial Sale, Lovington, NM

Property Size2,638 SF
Price / SF$293.78
Days on Market255

Property Features for 218 S 1st St

General Information

Property type Commercial Sale
Property subtype Other
Interior features Audio/Video Surveillance
Directions 2 Blocks North of Sonic
Subdivision New Mexico Mls
Standard status Active
APN 4000211520001 and
Size 2,638 SF

Taxes and HOA fees

Tax Description Lots 9, 10, and 11, Block 41 of South Addition
Tax Annual Amount 10861
Legal Description Lots 9, 10, and 11, Block 41 of South Addition

Building Details

Year built 1955
Flooring type Wood
Building materials Block - Cinder, Brick, Concrete, Crawlspace, Frame, Log, Masonry, Metal Frame, Siding, Slump Block, Fiberglass, Styrofoam, Clay Tile, Concrete Block, Mission Stone
Roof type Metal, Flat
Listing Agency: Robinson & Associates Real Estate
Listed By: Robbie Robinson · License #18732
Added: Dec 22, 2025 Changed: Sep 2 Last Checked: Sep 3 at 7:06AM
MLS# 20257104

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.

Investment Insights

Based on property information with market context.

This 2,638-square-foot restaurant building includes three main seating rooms, a private party room, and a full-service commercial kitchen. The layout combines dining and food-service areas within a building constructed in 1955, with wood flooring and audio/video surveillance among the listed interior features.

A separate parking lot has been newly paved and expanded, adding dedicated on-site parking for the restaurant. The property is located at 218 S 1st St in Lovington, New Mexico. The roof is identified as both metal and flat in the property information.

Key Highlights

  • 2,638‑square‑foot restaurant building
  • Three main seating rooms plus a private party room
  • Full‑service commercial kitchen

Property Analytics

Current Use

Jimenez Rancho Grande Restaurant

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Spa & Massage Center HVAC Service Parking Lot & Garage

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

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

474
Businesses Nearby
60k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 55% Shops & Services 44% Home Improvements & Furnishings 1%
McDonald's Dining
18,581 visits/mo 0.2 miles
Dollar General Shops & Services
8,522 visits/mo 0.2 miles
SONIC Drive In Dining
8,133 visits/mo 0.2 miles
Family Dollar Shops & Services
6,006 visits/mo 0.3 miles
Allsups Shops & Services
5,799 visits/mo 0.3 miles

Demographics for 88260, NM

15,569
Population
5,474
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
75%
High-School Grad
814.9 sq mi
ZIP Area
19
Density / Sq Mi
$75,197
Median Household Income
$40,356
Median Earnings
$1,081
Median Rent
$174,200
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 - Three seating rooms include a private party area and a full-service kitchen.
Where is this conventional 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 $775,000.
What are key features of this property?
This property features: 2,638‑square‑foot restaurant building; Three main seating rooms plus a private party room; Full‑service commercial kitchen
More about this property
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