601 1St St Artesia, NM 88210

This exceptional 6,000 square foot restaurant building, situated on a spacious 1.15-acre lot at 601 South 1st Street in Artesia, New Mexico, presents a unique owner-user investment opportunity. Previously home to the well-known Pecos Diamond Steakhouse, this single-story building offers a turnkey solution for a new culinary venture. The asking price is $699,000, translating to $116.50 per square foot, with an attractive 8.00% cap rate. The property boasts ample parking, a significant advantage in a high-traffic area. The sale includes some existing furniture, fixtures, and equipment (FF&E), providing a head start for the new owner. Located in Eddy County, New Mexico, with the address 601 S 1st St, Artesia, NM 88210 (32.8367882, -104.3966048), this property benefits from its established location and high visibility. The building's single-tenant occupancy simplifies management, and the substantial lot size offers potential for expansion or future development. This is an ideal opportunity for an experienced restaurateur seeking an established location or an investor looking for a strong return on investment in a thriving community. The property is ready for immediate occupancy and offers significant potential for a successful business.