604 Broadway St Hobbs, NM 88240
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.
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La Fiesta❤️ Restaurant
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Democratics Headquarters Association Or Organization
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.