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Property profile & analytics
OFF-MARKET
Turn key restaurants

614 Bullard St Silver City, NM 88061-5411

2,784 SF 0.13 ac lot Built 1932
Entity Owned Absentee Owner Free & Clear
Property ID
US61-0418463
Property summary
AI-generated overview

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

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1932
Total area 2,784 SF
Lot 0.13 ac (5,619 SF)
APN 3-081-103-187-230
UPID US61-0418463
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
  • Adobe Springs Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
MIDNIGHT PROPERTIES LLC
MIDNIGHT PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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