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Property profile & analytics
OFF-MARKET
Land

116 Pine St Deming, NM 88030

Built 1900
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Year built 1900
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
  • Mariscos El Molcajete Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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