Historic Mixed-Use
For Sale
$899,900
402 Main St, Truth or Consequences, NM 87901
Commercial Sale, Truth Or Consequences, NM
Property Size8,500 SF
Lot Size0.25 Acres
Price / SF$105.87
Days on Market147
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
pergola covered patio
hot tub
garden area
home theater
dance floor
pool table
bar
washer & dryer
central heating & cooling
solar panels
carport
Building Details
Year built
1948
Flooring type
Wood
Building materials
Block - Cinder, Brick, Concrete, Crawlspace, Frame, Log, Masonry, Metal Frame, Siding, Slump Block, Fiberglass, Styrofoam, 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: Oct 17
Last Checked: Oct 19 at 8:06AM
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.
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Investment Insights
Based on property information with market context.
This restored, three-level mixed-use building contains 8,500 square feet on a 0.25-acre parcel. The street-level showroom has large display windows, illuminated wood cabinetry and four dressing rooms. Two apartments provide living rooms, kitchens, bedrooms and three-quarter baths. The basement adds two sleeping areas, storage, laundry and a three-quarter bath, along with a theater, dance floor, pool table and bar. Central heating and cooling serve the building; two roof-mounted 5-ton HVAC units were installed in 2019. The roof was replaced in 2020.
The property includes a fenced backyard with a pergola-covered patio and hot tub, plus a separate fenced parcel behind and across the alley. That parcel has 32 solar panels with 32 IQ8 inverters, raised garden beds and an 18-by-21-foot metal storage building with a concrete floor. A 32-foot-wide unpaved parking area has a carport. The building dates to 1948.
The property includes a fenced backyard with a pergola-covered patio and hot tub, plus a separate fenced parcel behind and across the alley. That parcel has 32 solar panels with 32 IQ8 inverters, raised garden beds and an 18-by-21-foot metal storage building with a concrete floor. A 32-foot-wide unpaved parking area has a carport. The building dates to 1948.
Key Highlights
- 8,500‑square‑foot building on a 0.25‑acre parcel
- Three levels with showroom, two apartments and finished basement recreation space
- 32 solar panels with 32 IQ8 inverters on a separate fenced parcel
Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 52%
Shops & Services 48%
Tractor Supply Co.
Home Improvements & Furnishings
5,765 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,908 visits/mo
0.2 miles
Sierra Auto Parts
Shops & Services
447 visits/mo
0.2 miles
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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Showroom space is complemented by two apartments and finished lower-level recreation areas.
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 $899,900.
What are key features of this property?
This property features: 8,500‑square‑foot building on a 0.25‑acre parcel; Three levels with showroom, two apartments and finished basement recreation space; 32 solar panels with 32 IQ8 inverters on a separate fenced parcel
