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Property profile & analytics
FOR SALE
Conventional restaurants

118 N Mesquite St Las Cruces, NM 88001

3,234 SF
Property ID
US61-0174064
Property summary
AI-generated overview

This is an extraordinary restaurant property historically preserved property with numerous unique features and characteristics. Located in the Mesquite Historic District, the original townsite of Las Cruces, and in the Arts and Cultural District, this property was restored with incredible attention to detail. You'll be amazed at the overall quality of the restoration. The unique elements of the preservation include but are not limited to original light fixtures above the gas fireplace from the original restoration being in place from the original construction, original windows being renovated and restored, and the enhancement of the original stone. The entire internal and external electrical system has been upgraded to full commercial grade and complies with all codes. All the internal and external lighting packages have been upgraded and offer unique dimming capabilities to enhance the customer experience. The original structure was built in 1940. A full-scale state-of-the-art commercial kitchen, bar, and walk-in wine closet was constructed in 2020. Separate HVAC systems are in place for the dining area and kitchen areas. The wine rack system has its min-split cooling system. An extensive equipment inventory is offered with the property for the benefit of the kitchen operation. 2023 brought further renovations to the property in terms of an extensive expansion of an outdoor patio space and bar that is almost 1000 SQFT of space under the roof. No attention to detail was missed in terms of lighting options, drainage, outdoor heaters, and outdoor cooling and vent systems. Both the interior and exterior areas have a high-quality sound system in place. A significant value-added proposition exists with an additional land area that can be converted for additional private event space or dining areas if desired. A residential apartment could allow for creative use of space. An 8 ft X 10 ft cellar found in the main building and covered storage behind the residential apartment offer additional storage space. If you are truly looking to craft a destination experience for your customers, you cannot beat the location dynamics and unique elements in place. It sits in the original southerly pass of El Camino Real de Tierra Adentro and due east of the revitalized Main Street Downtown District. The ease of access and overall centralization off of other major streets and roadways make it very attractive in addition. The location is at the front doorstep of Klein Park and directly adjacent to the "Bean" coffee shop and La Nueva Casita Cafe. This is truly an opportunity to own a value-added asset. Give us a call to discuss.

Property profile
Verified
Property type Conventional restaurants
Total area 3,234 SF
UPID US61-0174064
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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