Restored Historic Mixed-Use
For Sale
$939,900
402 Main St, Truth or Consequences, NM 87901
Commercial Sale, Truth Or Consequences, NM
Property Size8,500 SF
Lot Size0.25 Acres
Price / SF$110.58
Days on Market101
Property Features for 402 Main St
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
COMMERCIAL
Security features
Security System
Interior features
Audio/Video Surveillance, Security System
Appliances
Water Heater
Directions
DATE STREET TO MAIN STREET. PROPERTY ON THE LEFT.
Subdivision
New Mexico Mls
Standard status
Active
APN
3022078212471
Size
8,500 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
LOT 8 AND ALL OF LOT 9 & 10, BLOCK 96 HOT SPRINGS ORIGINAL TOWNSITE T OR C SIERRA COUNTY NM
Legal Description
LOT 8 AND ALL OF LOT 9 & 10, BLOCK 96 HOT SPRINGS ORIGINAL TOWNSITE T OR C SIERRA COUNTY NM
Utilities
Heating system
Solar (Heating), Active Solar, Forced Air
Amenities
display windows
showroom
dressing rooms
office
pergola covered patio
hot tub
garden area
metal storage building
solar panels
home theater
dance floor
pool table
bar
washer/dryer
central heating & cooling
Building Details
Year built
1948
Flooring type
Wood
Building materials
Block - Cinder, Brick, Brick Wainscot, Concrete, Crawlspace, Floor - Slab, Floor - Wood, Frame, Log, Masonry, Metal Frame, Siding, Siding Masonite, Slump Block, Fiberglass, Styrofoam, Aluminum Siding, Asbestos Siding, Clay Tile, Concrete Block, Mission Stone
Listing Agency:
Cripple Creek Realty
Listed By:
LaNeer K Wrye · License #19153
(575) 740-2711
Added: May 26
Changed: Sep 2
Last Checked: Sep 3 at 6:06AM
MLS# 20263107
Copyright © 2026 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 402 Main St in downtown Truth Or Consequences, this 8,500-square-foot mixed-use building dates to 1948 and occupies 0.25 acres. The restored, three-level structure includes large display windows, a showroom with illuminated wood cabinetry, four dressing rooms, office space, and two residential layouts with living areas, kitchens, bedrooms, and three-quarter baths.
The basement adds two sleeping areas, storage, laundry facilities, a home theater, dance floor, pool table, bar, and additional three-quarter bath. Exterior improvements include a fenced rear area with pergola-covered patio and hot tub, a 32-foot-wide unpaved parking lot with carport, and a separate 10-foot security-fenced lot across the alley at 125 Foch. That lot contains 32 solar panels with 32 IQ8 inverters, raised garden beds, and an 18 x 21 Mueller metal storage building with a concrete floor.
Building systems include central heating and cooling, two roof-mounted 5-ton HVAC units installed in 2019 with a 10-year warranty, and a 2020 roof with a 20-year Duro-Last warranty. Security features include audio/video surveillance and a security system.
The basement adds two sleeping areas, storage, laundry facilities, a home theater, dance floor, pool table, bar, and additional three-quarter bath. Exterior improvements include a fenced rear area with pergola-covered patio and hot tub, a 32-foot-wide unpaved parking lot with carport, and a separate 10-foot security-fenced lot across the alley at 125 Foch. That lot contains 32 solar panels with 32 IQ8 inverters, raised garden beds, and an 18 x 21 Mueller metal storage building with a concrete floor.
Building systems include central heating and cooling, two roof-mounted 5-ton HVAC units installed in 2019 with a 10-year warranty, and a 2020 roof with a 20-year Duro-Last warranty. Security features include audio/video surveillance and a security system.
Key Highlights
- 8,500‑square‑foot mixed‑use building on 0.25 acres at 402 Main St
- 1948 construction with restored three‑level commercial and residential layout
- Showroom includes large display windows, illuminated wood cabinetry, and 4 dressing rooms
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 87901, NM
6,515
Population
3,981
Households
1.6
Avg Household Size
54
Median Age
19%
College-Educated
89%
High-School Grad
1,080.4 sq mi
ZIP Area
6
Density / Sq Mi
$27,868
Median Household Income
$25,735
Median Earnings
$674
Median Rent
$114,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property combines retail display space, offices, residential layouts, and extensive basement amenities.
Where is this mixed-use property located?
The property is located at 402 Main St Truth or Consequences, NM.
What is the asking price?
The asking price for this property is $939,900.
What are key features of this property?
This property features: 8,500‑square‑foot mixed‑use building on 0.25 acres at 402 Main St; 1948 construction with restored three‑level commercial and residential layout; Showroom includes large display windows, illuminated wood cabinetry, and 4 dressing rooms
