Investment - Restaurant Property

For Sale

601 South 1st Street, Artesia, NM 88210

This Artesia property for sale is located at 601 South 1st Street. The current listed sale price for Investment - Restaurant Property is $1,700,000 - 8% Cap Rate. Investment - Restaurant Property is situated on a lot that is 1.15 acre in size.

Contacts

broker

Paul P. Partyka, CCIM, MiCP, CIPS

NAI Realvest

(407) 949-0758

Property Details

  • Property Type Retail - Restaurant
  • Property Size 6,000 SF
  • Lot Size 1.15 Acre
  • Date Updated Apr 12, 2024
Artesia, NM8% cap

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Highlights

  • 6,000± SF Pecos Diamond Steakhouse building on 1.15± acre site
  • Well-known and successful restaurant
  • New 10-year lease at closing
  • First year lease rate: $22.67/SF
  • Ample parking

Attachments

Getting around

  • 47/100

    Walk Score ®

  • 45/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Artesia, NM
  • Zip Code 88210

Points of Interest

  • Pecos Valley Railroad Depot

    0.56 miles

  • Brewer Chevron

    0.12 miles

  • Conoco

    0.41 miles

  • Brewer Shell

    0.42 miles

  • Alon

    1.47 miles

  • Walmart

    2.05 miles

  • McDonald's

    0.26 miles

  • IHOP

    0.34 miles

  • La Fonda

    0.42 miles

  • Sonic

    1.20 miles

  • Burger King

    1.22 miles

  • Pizza Hut

    1.46 miles

  • Subway

    1.93 miles

  • Fenn's Country Market

    1.50 miles

  • Walmart Supercenter

    1.92 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Paul P. Partyka, CCIM, MiCP, CIPS

NAI Realvest

(407) 949-0758