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Property profile & analytics
OFF-MARKET
Commercial real estate

604 Broadway St Hobbs, NM 88240

Built 1996
Property ID
US61-0642295
Property summary
AI-generated overview

This fully equipped and operating restaurant in Hobbs, New Mexico, presents a unique investment opportunity. Located at 604 E Broadway Street, this established business, known as La Fiesta, has served the community since 1957, and the name can be transferred with the sale. The asking price is $675,000. All existing restaurant equipment is included in the sale, ensuring a smooth transition for the new owner. The current owner is willing to assist with the transition process, providing valuable support and continuity. The property itself is classified as retail and land, built in 1996. While the lot size is not specified, the building is ready for immediate operation. Note that showings are unavailable during operating hours; the restaurant is closed on Sundays and Mondays. Attractively, owner financing is available, making this a potentially accessible acquisition for qualified buyers. This is a rare chance to acquire a well-established, profitable restaurant with a strong local reputation and the potential for continued success. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial real estate
Year built 1996
UPID US61-0642295
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
  • La Fiesta❤️ Restaurant
  • Democratics Headquarters Association Or Organization
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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