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    118 Mesquite St Las Cruces, NM 88001

    Sponsored
    For Sale
    $800,000

    Charming 3,234 SF Restaurant, $800,000

    Property size:
    3,234 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A restaurant, located in Las Cruces, New Mexico's Mesquite Historic District, offers a unique blend of historic charm and modern amenities. Built in 1940 and extensively renovated in 2020 and 2023, this 3,234 square foot property boasts original features such as restored windows and light fixtures, enhanced original stonework, and a fully upgraded commercial-grade electrical system. The property includes a state-of-the-art commercial kitchen, bar, walk-in wine closet, and separate HVAC systems for the dining and kitchen areas. A recent expansion added nearly 1000 square feet of covered outdoor patio space with high-quality sound, lighting, heating, and cooling systems. Additional features include a wine rack with its own mini-split cooling, an extensive equipment inventory, an 8x10 foot cellar, covered storage, and potential for expansion onto an additional land area suitable for private events or a residential apartment. Situated in the Arts and Cultural District, this prime location offers easy access to major roadways and is adjacent to Klein Park, a coffee shop, and a cafe. The property's central location and unique character make it an ideal investment opportunity for creating a truly memorable dining experience. The 0.25-acre lot is zoned for South Mesquite Overlay.

    Property Features for 118 Mesquite St

    General Information

    Property type
    Restaurants
    Square Feet
    3,234 SF
    Class
    A
    Lot Size
    10,890 SF

    HighLights

    • Class A restaurant in Las Cruces, NM's Mesquite Historic District.
    • 3,234 SF building, extensively renovated in 2020 & 2023, featuring original restored details and upgraded systems.
    • State‑of‑the‑art commercial kitchen, bar, walk‑in wine closet, and separate HVAC for dining and kitchen areas.
    • ~1000 SF covered patio with high‑quality climate control and sound system.
    • 0.25‑acre lot zoned for South Mesquite Overlay, offering expansion potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Miguel's On Mesquite Bar & Grill

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.77447097408
    Latitude
    32.310849004045

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    FAQs

    What type of property is this?
    Restaurant - Charming 3,234 SF Restaurant, $800,000
    Where is this restaurant located?
    The property is located at 118 Mesquite St Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Class A restaurant in Las Cruces, NM's Mesquite Historic District.; 3,234 SF building, extensively renovated in 2020 & 2023, featuring original restored details and upgraded systems.; State-of-the-art commercial kitchen, bar, walk-in wine closet, and separate HVAC for dining and kitchen areas.
    Request Owner's contact information
    118 Mesquite St Las Cruces, NM 88001
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    Las Cruces, NM 88001
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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
    118 Mesquite St Las Cruces, NM 88001
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