112 3Rd Ave, Truth or Consequences, NM 87901
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.