614 Bullard St Silver City, NM 88061-5411
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
-
Adobe Springs Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.