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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

118 Mesquite St Las Cruces, NM 88001

3,234 SF 0.25 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 3,234 SF
Lot 0.25 ac (10,890 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Miguel's On Mesquite Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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