Historic Hot Springs Hospitality
For Sale
Contact for pricing
516 Austin St, Truth or Consequences, NM 87901
Multifunction hospitality property featuring renovated hot springs, five short-term rental units, and seven long-term residences.
Property Size5,528 SF
Price / SF$412.26
Days on Market430
Property Features for 516 Austin St
General Information
Standard status
Active
Size
5,528 SF
Property subtype
RETAIL
Additional Details
Business Included
Yes
Building Details
Year Renovated
2024
Listing Agency:
NAI 1st Valley Realty
(575) 640-7213
Listed By:
Randy McMillan · License #REC-2022-1237
(575) 640-7213
Source:
Moodyscre
Added: May 27, 2025
Changed: Jul 25
Last Checked: Jul 30 at 7:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI 1st Valley Realty
Investment Insights
Based on property information with market context.
Hoosier Hot Springs is located within the Hot Springs Bathhouse and Commercial Historic District in Truth or Consequences, a 56-acre district listed on the National Register of Historic Places in 2005. The property operates three lines of business: hot springs, an inn/short-term rental component, and residences for long-term rentals.
Hot Springs at Hoosier Hot Springs was renovated and reintroduced to the public in early 2024. The Inn/Short Term Rentals include five renovated units—four suites and one room—opened in November 2024. Residences/Long Term Rentals include seven units: four one-bedroom units and three studio apartments. Most of the property has been completely remodeled.
Hot Springs at Hoosier Hot Springs was renovated and reintroduced to the public in early 2024. The Inn/Short Term Rentals include five renovated units—four suites and one room—opened in November 2024. Residences/Long Term Rentals include seven units: four one-bedroom units and three studio apartments. Most of the property has been completely remodeled.
Key Highlights
- Hoosier Hot Springs in the Hot Springs Bathhouse and Commercial Historic District in Truth or Consequences
- 56‑acre historic district listed on the National Register of Historic Places in 2005
- Three lines of business: hot springs, inn/short‑term rentals, and residences/long‑term rentals
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
457
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 Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - Multifunction hospitality property featuring renovated hot springs, five short-term rental units, and seven long-term residences.
Where is this hotel located?
The property is located at 516 Austin St Truth or Consequences, NM.
What is the asking price?
The asking price for this property is $2,279,000.
What are key features of this property?
This property features: Hoosier Hot Springs in the Hot Springs Bathhouse and Commercial Historic District in Truth or Consequences; 56‑acre historic district listed on the National Register of Historic Places in 2005; Three lines of business: hot springs, inn/short‑term rentals, and residences/long‑term rentals
