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    402 Main Ave Truth or Consequences, NM 87901

    Sponsored
    For Sale
    $949,900

    COMMERCIAL - Truth or Consequences, NM

    Lot size:
    0.23 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 5 at 1:06 pm

    Property Features for 402 Main Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    3022078212471
    Parking features
    Parking Lot, On Street
    Lot size
    0.23 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Wood, Laminate
    Building materials
    Block, Cement Siding, Steel Frame

    Keller Williams Realty Las Cruces (575) 527-0880 [email protected]

    Listing agent Jake Mossman (575) 650-8615

    Listing date Dec 26, 2025

    Copyright © 2025 Multiple Listing & Information Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restored Mixed-Use Building in Downtown

    This restored mixed-use commercial and residential building, originally constructed in 1948 as a department store, is located in downtown Truth or Consequences, NM. The structure, encompassing approximately 8,500 square feet, includes a 0.045-acre adjacent fenced lot at 125 Foch, which features a steel storage building, raised gardens, and an owned 32-panel solar array 9.2kW system with 20kW battery backup - 2025 - powering 402 Main. The main building offers a 1,428 square foot retail showroom with 15-foot ceilings, original wood cabinetry and lighting, wood floors, two large display windows, and four storage rooms. An office space is situated behind the showroom. The upstairs area includes a large living area, an updated kitchen with an oversized refrigerator and freezer, a main bedroom, and a bathroom. The finished basement features a 1,372 square foot home theater with a bar, pool table, dance floor with lighting, two sleeping areas, a 3/4 bath, laundry facilities, a workshop, and storage space. Upgrades to the property include a 50 Mil roof installed in 2020 and two 5-ton gas HVAC systems installed in 2019, as well as security features, a patio, a hot tub, and a carport. The property sits on a 0.23-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Map

    City
    Truth or Consequences
    County
    Sierra
    State
    New Mexico
    Longitude
    -107.25396
    Latitude
    33.130108

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    FAQs

    What type of property is this?
    Mixed-use property - Restored mixed-use commercial/residential building with solar array and upgrades.
    Where is this mixed-use property located?
    The property is located at 402 Main Ave Truth or Consequences, NM.
    What is the asking price?
    The asking price for this property is $949,900.
    What are key features of this property?
    This property features: - Mixed-use commercial/residential building in downtown T or C with retail showroom and living space.; - Includes adjacent fenced lot with steel storage building, raised gardens, and owned **32-panel solar array (9.2kW) with 20kW battery backup**.; - **1,428 sq ft retail showroom with 15' ceilings**, original wood cabinetry and lighting, and large display windows.
    (575) 650-8615
    Request Owner's contact information
    402 Main Ave Truth or Consequences, NM 87901
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    Truth or Consequences, NM 87901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    402 Main Ave Truth or Consequences, NM 87901
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