516 Austin St - Hospitality FOR SALE


Truth Or Consequences, NM 87901
$2,000,000 USD
575-640-7213
516 Austin St, Truth Or Consequences, NM for Sale
$2,000,000 USD
Hospitality - FOR SALE
1/18
null | 13.45% Cap Rate

516 Austin St
Truth Or Consequences, NM 87901


OVERVIEW

Hoosier Hot Springs is located in the Hot Springs Bathhouse and Commercial Historic District in Truth or Consequences - a 56 acre historic district that was listed on the National Register of Historic Places in 2005. Hoosier Hot Springs has three lines of business: • Hot Springs - renovated and reintroduced to the public in early 2024 • Inn/Short Term Rentals -5 renovated units (4 suites and 1 room), opened November 2024 • Residences/Long Term Rentals - 7 units (4 one bedroom units and 3 studio apartments)

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$362 USD /SF

# OF ROOMS

5

PRICE/ROOM

$400,000 {currency}

CAP RATE

13.45%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hoosier Hot Springs

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1937

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

-

APN/PARCEL ID

3022079287041

ASK ABOUT THIS PROPERTY

Randy McMillanNAI 1st Valley Realty, Inc.More Info
575-640-7213

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Randy McMillanNAI 1st Valley Realty, Inc.More Info
575-640-7213

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.