Hoosier Hot Springs &
For Sale
$2,961,134
516 Austin St, Truth or Consequences, NM 87901
Historic hot springs and inn with short and long-term rentals.
Property Size5,528 SF
Price / SF$535.66
Days on Market783
Property Features for 516 Austin St
General Information
Standard status
Active
Size
5,528 SF
Property subtype
Hospitality
Listing Agency:
NAI 1st Valley Realty
Listed By:
Randy McMillan · License #6572
(575) 640-7213
Source:
Carnm.resimplifi
Added: Jul 21, 2024
Changed: Sep 4
Last Checked: Sep 11 at 4:56AM
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 & Inn is situated within the Hot Springs Bathhouse and Commercial Historic District in Truth or Consequences, a 56-acre area recognized on the National Register of Historic Places since 2005. The property encompasses a total size of 5528 square feet and features multiple lines of business. The hot springs were renovated and reintroduced to the public in early 2024. The inn and short-term rentals consist of 6 renovated units, including 5 suites and 1 room, which opened in November 2024. Additionally, there are 6 residences available for long-term rentals, comprising 3 one-bedroom units and 3 studio apartments.
Key Highlights
- Located in the Hot Springs Bathhouse and Commercial Historic District.
- Three lines of business: Hot Springs, Inn/Short Term Rentals, and Residences/Long Term Rentals.
- Hot Springs renovated and reintroduced to the public in early 2024.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Hotel - Historic hot springs and inn with short and long-term rentals.
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 $2,961,134.
What are key features of this property?
This property features: Located in the Hot Springs Bathhouse and Commercial Historic District.; Three lines of business: Hot Springs, Inn/Short Term Rentals, and Residences/Long Term Rentals.; Hot Springs renovated and reintroduced to the public in early 2024.
