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Property profile & analytics
OFF-MARKET
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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