516 Austin StTruth or Consequences, NM 87901

Property Details for 516 Austin St

Lot size

0.41 AC

Property size (Sq ft)

5,528 SF

Property type

Hospitality properties

Property subtype

Hotels

Description

This unique investment opportunity in Truth or Consequences, NM, presents a fully remodeled historic hotel and spa. The property boasts 5,528 square feet situated on a 0.413-acre lot in the Hot Springs Bathhouse and Commercial Historic District (listed on the National Register of Historic Places in 2005). The hotel features three distinct revenue streams: a recently reopened hot springs facility, a five-unit inn offering short-term rentals (four suites and one room, opening late September 2024), and seven residential units for long-term rentals (four one-bedroom units and three studio apartments). The inn's short-term rental units and the long-term residential units are slated to open late September 2024. The property includes a total of 12 keys, providing ample accommodation options for guests and residents. This turnkey operation offers a blend of established and soon-to-open revenue streams, making it an attractive investment in a vibrant historic district. The property's location within the historic district provides significant potential for tourism-related income. This is a rare chance to own a piece of New Mexico history with significant income potential. The property's recent renovations ensure a modern and comfortable experience for guests and residents alike. The combination of hot springs, short-term rentals, and long-term rentals provides a diversified income stream, mitigating risk and maximizing return on investment.

Location Insight

City

Truth or Consequences

County

Sierra

State

New Mexico

Latitude

33.1274

Longitude

-107.257

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].