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158 New School Rd Truth or Consequences, NM 87935

For Sale
$265,000

24 Units, High Demand Location, NM

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional investment opportunity presents a well-established storage facility located at 158 New School Road, Truth or Consequences, New Mexico, 87935. Built in 1980, this property sits on a one-acre lot and offers 24 individual storage units, generating a substantial monthly income of $2,700. The unit mix includes sixteen 10' x 20' units and eight 5' x 10' units, catering to a diverse range of storage needs. The property's location in a popular area presents significant potential for expansion, allowing for further income growth. The asking price for this turnkey operation is $265,000. This represents a rare chance to acquire a proven income-generating asset with immediate cash flow and significant upside potential. The property is classified as Special Purpose and offers a solid foundation for a savvy investor seeking a stable and profitable venture in a desirable New Mexico market. The property's existing infrastructure and strong rental history make it an attractive proposition for both seasoned investors and those new to the commercial real estate market. The one-acre lot provides ample space for future development and expansion, further enhancing the long-term value and potential of this exceptional investment.

Property Features for 158 New School Rd

General Information

Property type
Specialty properties
Lot Size
43,560 SF

Building Details

Year Built
1980

HighLights

  • Well‑established storage facility at 158 New School Road, Truth or Consequences, NM 87935.
  • Built in 1980, this one‑acre property features 24 units (16 - 10'x20', 8 - 5'x10') generating $2,700 monthly income.
  • Asking price: $265,000.
  • Special purpose property with significant expansion potential.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

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
-107.2311774
Latitude
33.2361597

FAQs

What type of property is this?
Specialty property - 24 Units, High Demand Location, NM
Where is this specialty property located?
The property is located at 158 New School Rd Truth or Consequences, NM.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Well-established storage facility at 158 New School Road, Truth or Consequences, NM 87935.; Built in 1980, this one-acre property features 24 units (16 - 10'x20', 8 - 5'x10') generating $2,700 monthly income.; Asking price: $265,000.
More about this property
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