109 E Corpening Ave, La Mesa, NM 88044

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Building Details:

• Year Built: 1991

109 E Corpening Ave is located in La Mesa, NM.

A Great Location in La Mesa, with outstanding visibility and traffic count. The price includes the land, building, inventory, and all FF & E. The building is approx. 3500 SF and the available land is approx. 1.48 acres. The parking lot will accommodate approx. 50 cars. The restaurant seats approx. 80 guests and the bar has two pool tables and seats approx. 30 guests. The bar also includes a package liquor store.
Severo’s has been serving the area for over 19 years and has a great reputation for Authentic New Mexican Cuisine.
The real gem of this package is the Liquor License. It is a full NM Dispenser License. The License can be transferred to any location is Dona Ana County and will retain the package sale rights. The exclusions are Las Cruces, Hatch, Mesilla, Sunland Park. The last Package License sold within the county went for $680,000. The State of NM does not issue any new package licenses, they have to be purchased on the open market.
A creative buyer would be able buy the location and turn the License to another operator and be able to have a very low cost basis for a restaurant. A new beer and wine License is only $1500.00 per year.
Don’t miss this opportunity. Call Listing agent for more details.