For Sale
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Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
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Association Or Organization
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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