614 Bullard St Silver City, NM 88061-5411
- Turn key restaurants
- 2,784 SF
- 0.13 lot acres
Current Use by Public Records
- Adobe Springs / American Restaurant
Property Details for 614 Bullard St
- Year built
- 1932
- Lot size
- 0.13 lot acres
- Property size
- 2,784 SF
- Property type
- Turn key restaurants
- APN
- 3-081-103-187-230
- APU
- 3081103187230
Description
This exceptional opportunity presents the chance to acquire the Adobe Springs Cafe, a well-established restaurant and historic building in the heart of Silver City, New Mexico. Located at 614 N Bullard St, this 4,309 square-foot property, built in 1932 and renovated in 2019, boasts a prime downtown location near the Main Street Plaza, Big Ditch Park, and the Visitor Center. The cafe features a large street-facing corner patio and designated rear parking. Adobe Springs Cafe has enjoyed consistent revenue growth over the past 14 years, built on a beloved menu with over 30 years of popularity. The restaurant comfortably seats 60+ patrons, with potential for expansion into an unfinished storage room suitable for a banquet hall or additional seating. The business benefits from a loyal customer base of both locals and tourists, ensuring a steady stream of income. All furniture, fixtures, and equipment (FF&E) are included in the sale price of $950,000. Recent upgrades include a new shingled roof (2020), solar panels, a new large gas line, a 300-amp electrical service upgrade, a walk-in freezer and refrigerator, a large kitchen and prep area, dry storage, two commercial hoods (one high-heat rated), a designated beverage station, and a large pellet stove for ambiance. The business and trade name are included in the sale
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Silver City
- County
- Grant
- State
- New Mexico
- Longitude
- -108.276
- Latitude
- 32.773
- CBSA code
- 43500
- CBSA name
- SILVER CITY, NM MICROPOLITAN STATISTICAL AREA
