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    195 Mesquite St Las Cruces, NM 88001

    Sponsored
    For Sale
    $499,000

    Established Restaurant, Prime Location, High Revenue

    Property size:
    1,971 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional turnkey restaurant and building in Las Cruces, New Mexico, presents a rare investment opportunity. Located at 195 N Mesquite St, this 1,971 square foot establishment sits on a 19,396 square foot lot (APN: 4-007-135-358-166) and is zoned C2. Built in 1950 with renovations done at various times, the property boasts 100% occupancy and is currently operating as a highly successful restaurant. The asking price is $499,000, and owner financing may be considered with a substantial down payment. Included in the sale are the business, equipment (excluding outside sheds and an Alto-Shaam electric oven, which are negotiable), and the real estate itself. The property has a single tenant with a credit-rated lease under a gross lease structure. This highly-rated restaurant has received numerous accolades, including top rankings on TripAdvisor, Google, and Yelp, and was even recognized for its menudo. Financial details are available upon request. Please schedule a showing to explore this lucrative opportunity. Do not disturb employees.

    Property Features for 195 Mesquite St

    General Information

    Property type
    Restaurants
    Square Feet
    1,971 SF

    Building Details

    Year Built
    1950
    Units
    1

    HighLights

    • Turnkey restaurant and building in Las Cruces, NM, offering a rare investment opportunity.
    • 1,971 sq ft building on a 19,396 sq ft lot (APN: 4‑007‑135‑358‑166), C2 zoning.
    • $499,000 asking price; owner financing may be considered.
    • Includes business, equipment (excluding some items, negotiable), and real estate; 100% occupancy.
    • Single tenant with a credit‑rated gross lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    La Nueva Casita ... Mexican Restaurant

    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
    -106.7744709
    Latitude
    32.3112132

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Prime Location, High Revenue
    Where is this restaurant located?
    The property is located at 195 Mesquite St Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Turnkey restaurant and building in Las Cruces, NM, offering a rare investment opportunity.; 1,971 sq ft building on a 19,396 sq ft lot (APN: 4-007-135-358-166), C2 zoning.; $499,000 asking price; owner financing may be considered.
    Request Owner's contact information
    195 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
    195 Mesquite St Las Cruces, NM 88001
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