205 Coleman StTruth or Consequences, NM 87901
- Hospitality properties
- 1.75 AC
Property Details for 205 Coleman St
- Year built
- 1970
- Lot size
- 1.75 AC
- Property type
- Hospitality properties
- Property subtype
- Other retail properties
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.
Location Insight
- City
- Truth or Consequences
- County
- Sierra
- State
- New Mexico
- Latitude
- 33.1323
- Longitude
- -107.236
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