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    402 Main Ave Truth or Consequences, NM 87901

    For Sale
    $999,900

    COMMERCIAL - Truth or Consequences, NM

    Lot size:
    0.23 Acres
    Days on Market:
    185
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 402 Main Ave

    General Information

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

    Utilities

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

    Building Details

    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate, Wood, Carpet
    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 Jun 13, 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/residential building, originally constructed in 1948 as a department store, is located in downtown Truth or Consequences. The structure, with approximately 8,500 square feet, includes an adjacent 0.045-acre fenced lot at 125 Foch, featuring 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 has a 1,428 sq ft retail showroom with 15-foot ceilings, original wood cabinetry and lighting, wood floors, two large display windows, and four storage rooms. An office is situated behind the showroom. The upstairs area includes a large living area, updated kitchen with oversized refrigerator and freezer, main bedroom, and bathroom. The finished basement features a 1372sf home theater with bar, pool table, dance floor with lighting, two sleeping areas, 3/4 bath, laundry, workshop, and storage. Upgrades include a 50 Mil roof (2020), two 5-ton gas HVACs (2019), security, patio, hot tub, and carport. The property is situated on a 0.23-acre lot.
    Property Profile 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 in downtown Truth or Consequences.
    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 $999,900.
    What are key features of this property?
    This property features: - Rare, Restored Mixed-Use Building in Downtown T or C; - Owned 32-Panel Solar Array (9.2kW) with **20kW Battery Backup**; - Large (Approx. 8,500 sq ft) Structure with additional fenced lot
    (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.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    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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