116 Pine St Deming, NM 88030
This exceptional 7,100 square foot commercial land parcel, located at 116 W. Pine St in Deming, New Mexico, presents a unique investment opportunity. Built in 1900, this property boasts a rich history, having served as a diverse range of businesses, from a bar and restaurant to a skating rink. Its prime downtown location offers unparalleled visibility and accessibility. The lot measures 50 feet by 142 feet and includes a 6,460 square foot building, complemented by a partial basement. The building itself features two restrooms and several separate rooms, including two exceptionally large, partitioned spaces. This versatile layout allows for a multitude of potential uses, catering to a wide range of commercial ventures. The asking price for this historically significant property is $199,000. With its central location, substantial building size, and flexible floor plan, this property is poised for significant return on investment. Don't miss this chance to own a piece of Deming's vibrant past and shape its future. The property is situated in Luna County, New Mexico, zip code 88030.
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Mariscos El Molcajete Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.