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516 Austin St Truth or Consequences, NM 87901

For Sale
Contact for pricing

Charming Hotel, Spa & Rental Units

Property size:
5,528 SF

Description

Added:
Dec 11, 2024
Days on Market:
366
This unique investment opportunity in Truth or Consequences, NM, presents a fully remodeled historic hotel and spa. The property boasts 5,528 square feet situated on a 0.413-acre lot in the Hot Springs Bathhouse and Commercial Historic District (listed on the National Register of Historic Places in 2005). The hotel features three distinct revenue streams: a recently reopened hot springs facility, a five-unit inn offering short-term rentals (four suites and one room, opening late September 2024), and seven residential units for long-term rentals (four one-bedroom units and three studio apartments). The inn's short-term rental units and the long-term residential units are slated to open late September 2024. The property includes a total of 12 keys, providing ample accommodation options for guests and residents. This turnkey operation offers a blend of established and soon-to-open revenue streams, making it an attractive investment in a vibrant historic district. The property's location within the historic district provides significant potential for tourism-related income. This is a rare chance to own a piece of New Mexico history with significant income potential. The property's recent renovations ensure a modern and comfortable experience for guests and residents alike. The combination of hot springs, short-term rentals, and long-term rentals provides a diversified income stream, mitigating risk and maximizing return on investment.

Property Features for 516 Austin St

General Information

Property type
Hotels
Square Feet
5,528 SF
Lot Size
17,990 SF

HighLights

  • Hospitality property, Hotel/Spa, 5,528 square feet.
  • Twelve keys.
  • 0.413‑acre lot in Truth or Consequences, NM.
  • Located in the Hot Springs Bathhouse and Commercial Historic District.
  • Three revenue streams: hot springs, short‑term rentals (5 units), and long‑term rentals (7 units).
  • Recently remodeled.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Hotels

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Truth or Consequences
County
Sierra
State
New Mexico
Longitude
-107.2566734
Latitude
33.1274376

FAQs

What type of property is this?
Hotel - Charming Hotel, Spa & Rental Units
Where is this hotel located?
The property is located at 516 Austin St Truth or Consequences, NM.
What are key features of this property?
This property features: Hospitality property, Hotel/Spa, 5,528 square feet.; Twelve keys.; 0.413-acre lot in Truth or Consequences, NM.
More about this property
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