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    Specialty properties

    112 3Rd Ave, Truth or Consequences, NM 87901

    Built 1940
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 112-A W 3rd Avenue in Truth or Consequences, New Mexico, presents a unique investment opportunity. The property consists of three one-bedroom units, ideal for a variety of commercial ventures. Built in 1940, the building boasts a charming Pueblo Revival architectural style, featuring mostly 12-foot exterior walls, ensuring durability and character. The 12,600 square foot lot provides ample space, enhanced by mature shade trees offering a pleasant atmosphere. A 16 x 10 foot storage shed adds to the property's functionality. The property is well-maintained and features a durable metal roof, minimizing maintenance concerns. The property is zoned for commercial use, opening doors to a wide range of potential business applications. The asking price is $309,000. Existing contents are available for separate purchase, providing a turnkey opportunity for the right buyer. This property's combination of historical charm, functional design, and prime location in Sierra County, New Mexico (zip code 87901), makes it a compelling investment prospect. The property's coordinates are 33.1448299 latitude and -107.2254524 longitude.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1940
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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