423 Marr St Truth or Consequences, NM 87901
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 423 Marr St
- Year built
- 1956
- Property type
- Commercial real estate
Description
This unique investment opportunity presents a four-unit property located at 423 Marr Street in Truth or Consequences, New Mexico, 87901. Built in 1956, this special purpose property sits on a generous 9,000 square foot lot and is conveniently located in the downtown area. The asking price is $575,000. The property boasts two hot tubs where guests can enjoy the area's renowned hot mineral water. Extensive landscaping featuring a variety of plants and trees creates a private and tranquil atmosphere, offering a true escape for visitors. The property includes multiple patios, enhancing the outdoor experience. The inn has undergone numerous updates, ensuring its continued appeal and functionality. Its prime location and unique amenities make it ideal for various rental strategies, including Airbnb, short-term, or long-term rentals, presenting a compelling investment opportunity for those seeking a unique and established business in a desirable location. The property's charm and established presence in the hot springs district make it a truly one-of-a-kind offering.
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
- -107.2551382
- Latitude
- 33.1270085
