600 Austin StTruth or Consequences, NM 87901

  • Other commercial real estate
For Sale
$415,000 View listing

Property Details for 600 Austin St

Year built
1960
Property type
Other commercial real estate
Property subtype
Other land

Description

This exceptional commercial property, located at 600 Austin Streets in Truth or Consequences, New Mexico, presents a unique investment opportunity. Situated on a sizable 9,147 square foot corner lot in the heart of downtown, this 1960-built property boasts a rich history and significant potential. Currently configured as a mixed-use space, the ground floor previously operated as a spa, featuring four rooms, a kitchen, and a bathroom. The upper level functions as a successful two-bedroom, one-bathroom Airbnb, consistently commanding approximately $119 per night. The owners have demonstrably invested considerable time and resources in maintaining and improving the property, showcasing a commitment to quality. A notable feature is the presence of a hot springs well, a rare and valuable asset in this location. This property offers flexibility for a variety of commercial ventures, capitalizing on its central location and unique characteristics. The substantial lot size allows for expansion or redevelopment, while the existing income-generating Airbnb provides immediate return on investment. Serious inquiries are encouraged to explore the full potential of this remarkable property. Further details, including floor plans, are available upon request.

600 Austin St, Truth or Consequences, New Mexico

Location Insight

City
Truth or Consequences
County
Sierra
State
New Mexico
Latitude
33.1275
Longitude
-107.257

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