Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    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

    Nearby Similar for Sale

    • $999,900
      0.23 Acres

      Restored Mixed-Use Building in Downtown

      Restored mixed-use commercial/residential building in downtown Truth or Consequences.
      402 Main Ave, Truth or Consequences, NM 87901
      View Details
    • $285,000
      Pending

      Mixed-Use Building in Truth Or Consequences

      2400 sq ft mixed-use building with high visibility location.
      400 Date St, Truth or Consequences, NM 87901
      View Details
    • New
      $365,000
      Pending

      Versatile Commercial Building with Drive-Thru Bays

      5000 SF commercial building with high visibility and drive-thru bays.
      1409 N Date St, Truth or Consequences, NM 87901
      View Details
    • $465,450
      4,384 SF

      Mixed-Use Commercial Building on Broadway

      Versatile commercial building with showroom and warehouse space in Truth
      1907 S Broadway St, Truth or Consequences, NM 87901
      View Details
    • $464,000
      2,530 SF

      Downtown Truth or Consequences Investment Property

      8-unit residential complex in downtown Truth or Consequences, New Mexico.
      503 Mims St, Truth or Consequences, NM 87901
      View Details
    • $2,000,000
      5,528 SF

      Hoosier Hot Springs Historic District

      Historic district property with hot springs, inn, and residences.
      516 Austin St, Truth or Consequences, NM 87901
      View Details

    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.
    Request Owner's contact information
    516 Austin St Truth or Consequences, NM 87901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    516 Austin St
    Truth or Consequences, NM 87901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    516 Austin St Truth or Consequences, NM 87901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.