For Sale
$250,000

205 Coleman StTruth or Consequences, NM 87901

19-Space RV Park, Excellent Location, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • 1.75-acre RV and mobile home park with 19 spaces in Truth or Consequences, NM.
  • Five occupied manufactured homes provide immediate income.
  • Convenient location near shopping, hospital, schools, and hot springs.
  • Close proximity to I-25, Spaceport America, and Elephant Butte Lake.
  • Recent natural gas line installation reduces operating costs.
  • Multifamily and Retail zoning in Sierra County, NM (zip code 87901).

Property Details for 205 Coleman St

Property type
Retail properties, Mobile home & RV parks
Year Built
1970
Lot Size (sq. ft)
76,230 SF

Location Insight

City
Truth or Consequences
County
Sierra
State
New Mexico
Latitude
33.1322747
Longitude
-107.2358292
205 Coleman St, Truth or Consequences, New Mexico

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205 Coleman St
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