205 Coleman St Truth or Consequences, NM 87901
- Retail properties
- 1.75 lot acres
Current Use by Public Records
- Retail properties
Property Details for 205 Coleman St
- Year built
- 1970
- Lot size
- 1.75 lot acres
- Property type
- Retail properties
- Property subtype
- Mobile home & RV parks
Description
This exceptional 1.75-acre RV park and mobile home park, located at 205 Coleman Street in Truth or Consequences, New Mexico, presents a lucrative investment opportunity. Built in 1970, the property boasts 19 spaces, five of which are currently occupied by rented manufactured homes, generating immediate income. Its strategic location offers convenient access to shopping centers, a hospital, schools, and the renowned hot mineral district, attracting a steady stream of visitors. The park's proximity to Interstate 25, Spaceport America, and Elephant Butte Lake further enhances its appeal and accessibility. Recent upgrades include the installation of a natural gas line throughout the property, minimizing maintenance and operational costs. This low-maintenance park is ready for immediate income generation, offering a high return on investment. The property is zoned as Multifamily and Retail, and is situated in Sierra County, New Mexico, zip code 87901. The asking price for this turnkey operation is $250,000. This is a rare opportunity to acquire a well-established and profitable RV park in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Truth or Consequences
- County
- Sierra
- State
- New Mexico
- Longitude
- -107.236
- Latitude
- 33.1323
