Las Cruces, New Mexico, offers a unique opportunity for investors to capitalize on the city's growing economy and diverse landscape. With 4 restaurants for sale, Las Cruces presents an attractive option for those looking to invest in the food industry. Restaurants in Las Cruces can represent a range of investments, from casual eateries to fine dining establishments, and can cater to the city's diverse population of approximately 100,000 residents. The city's amenities, infrastructure, and location make it an ideal place to invest in a restaurant, with attractions like the New Mexico Farm and Ranch Heritage Museum, the University Museum at New Mexico State University, and the Las Cruces Symphony Orchestra drawing in visitors and locals alike. Additionally, the city's proximity to the White Sands Test Facility and White Sands Missile Range, as well as its role as a hub for space exploration, make it an attractive location for businesses and travelers. With its unique landscape dominated by the Organ Mountains, Las Cruces is a great place to do business and travel.
Las Cruces, situated in the Mesilla Valley, is a key city in the El Paso Las Cruces combined statistical area. The city's restaurants, with an average price per square foot of $903 USD and an average size of 3,252 square feet, offer a range of investment opportunities. In addition to restaurants, Las Cruces also offers other property types for sale, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Las Cruces, with their proximity to New Mexico State University, offer a unique opportunity to cater to the city's student population. Shopping centers, like the Mesilla Valley Mall, provide a hub for retail activity, while specialty properties, such as the Las Cruces International Airport, offer a range of investment opportunities. Hotels, like the Hotel Encanto de Las Cruces, cater to the city's growing tourism industry. With its diverse economy and range of investment opportunities, Las Cruces is an attractive location for investors.
What is the average cost per square foot for a restaurant in Las Cruces?
The average cost per square foot for a restaurant in Las Cruces is $903 USD per square feet, with 4 available listings ranging in size from 3,252 square feet to 4,848 square feet, offering a diverse range of options for restaurateurs looking to establish or expand their business in this city.
What factors determine the value of a restaurant for sale in Las Cruces?
When evaluating the value of a restaurant for sale in Las Cruces, several key factors come into play, including:
- Location, with proximity to major attractions like New Mexico State University, the Las Cruces International Airport, and the White Sands Test Facility and White Sands Missile Range influencing foot traffic and customer demand;
- The restaurant's size, with an average size of 3,252 square feet, and a maximum size of 4,848 square feet, affecting operating costs, seating capacity, and overall revenue potential;
- The restaurant's financial performance, including its average price per square foot of $903 USD and average cap rate of 5.25%, which can impact its value and attractiveness to potential buyers.
