402 Main Avenue, Truth or Consequences, NM 87901 (MLS# 2501063)

402 Main Avenue, Truth or Consequences, NM 87901

$949,900

Property Type: Commercial Ind Lot Size (sq. ft.): 9,801 Status: Active

Current Price: $949,900 List Date: 4/20/2025 Last Modified: 12/26/2025

Overview

Description

Rare opportunity to own a beautifully restored mixed-use commercial/residential building in downtown T or C, originally built in 1948 as a department store. This approx. 8,500sf structure includes an adjacent 0.045-acre fenced lot at 125 Foch with a steel storage building, raised gardens, and an owned 32-panel solar array 9.2kW system with 20kW battery backup - 2025 - powering 402 Main. The main building features a 1,428 sq ft retail showroom with 15' ceilings, original wood cabinetry and lighting, wood floors, two large display windows, and four storage rooms. An ideal office sits behind the showroom. Upstairs offers a large living area, updated kitchen with oversized refrigerator and freezer, main bedroom, and bathroom. The finished basement includes a 1372sf home theater with bar, pool table, dance floor with lighting, two sleeping areas, ¾ bath, laundry, workshop, and storage. Upgrades: 50 Mil roof (2020), two 5-ton gas HVACs (2019), security, patio, hot tub, carport. Also see residential MLS #2501531.

Listing Details MLS# 2501063

Location, Tax & Legal

Number: 402
Street Name: Main
St Suffix: Avenue
County: Sierra
State: NM
Zip Code: 87901
Area: 999 - Other
Subdivision: Original Townsite
Address 2: 125 N. Foch
Zip +4: 2843
Account Number: 10622
Parcel Number: 3022078212471
Add Account Number: 10622
Add Parcel Number: 3022078212471

Contract Information

Qualifying Broker Name: Daniela Sedillo
Qualifying Broker License #: 20643
Transaction Coordinator Name: Maribel Casares
Transaction Coordinator License #: REC20230478
Transaction Coordinator Email: [email protected]
Transaction Coordinator Phone: 915-526-0089
Property Sub-Type: Commercial
Asking Price: 949900
Term Date: 2025-04-19

General Property Info

HOA: No
Use of Electronic Document Transmission: Yes
Property in PID: No
Green Certified: No
Number of Units: 2
# Stories: 2
Lot SqFt: 9801
Lot Acres: 0.23
Actual Lot Size Source: Public Records
Age: 71 to 80 Years
Condition: Good to Excellent
Parking Capacity: 6
3rd Party Approval: No
Short Sale: No
REO/Bank Owned: No
Owner Financing: Yes
Court Approval: No

Building Info

SqFt Land: 9801
Price Per SqFt: 184
Front Foot Land: 62'
SqFt Improvements: 8500 main bldg + mtl bldg

Will Sell

Other - See Remarks: Request owner finance details from Realtor
Cash: Yes
Owner Carry 1st: Yes
Owner Carry 2nd: Yes
Sell Entirely: Yes

Roof

Other - See Remarks: Durolast Membrane installed in 2020
Minimum Pitch: Yes

More Information

Heating

Other - See Remarks: Two 5 ton Electric Mini-Splits installed in 2019
Electric: Yes
Heat Pump: Yes

Main Size Water

Other - See Remarks: City installed new water main
Unknown: Yes

Tenant Pays

Other - See Remarks: Not currently rented

Remarks & Misc

Legal: W Pt of Lots, 8,9,10 + 1960 Sq.ft. in Lt 16 Blk 96 - Original Townsite. PINS 302207821 & 3022078214481
Advertising Remarks: Rare opportunity to own a beautifully restored mixed-use commercial/residential building in downtown T or C, originally built in 1948 as a department store. This approx. 8,500sf structure includes an adjacent 0.045-acre fenced lot at 125 Foch with a steel storage building, raised gardens, and an owned 32-panel solar array 9.2kW system with 20kW battery backup - 2025 - powering 402 Main. The main building features a 1,428 sq ft retail showroom with 15' ceilings, original wood cabinetry and lighting, wood floors, two large display windows, and four storage rooms. An ideal office sits behind the showroom. Upstairs offers a large living area, updated kitchen with oversized refrigerator and freezer, main bedroom, and bathroom. The finished basement includes a 1372sf home theater with bar, pool table, dance floor with lighting, two sleeping areas, ¾ bath, laundry, workshop, and storage. Upgrades: 50 Mil roof (2020), two 5-ton gas HVACs (2019), security, patio, hot tub, carport. Also see residential MLS #2501531.

Office/Member Info

Office Address: 555 Telshor Ave, St 300A, Las Cruces, NM 88011

Parking Type

Parking Area: Yes
Parking Lot: Yes
Street Parking: Yes

Miscellaneous

Display Window: Yes
Fencing: Yes
Inside Storage: Yes
Living Area In Building: Yes
Outside Storage: Yes
Shelving: Yes

Possession

At Closing: Yes
At Funding: Yes
Negotiable: Yes

Imp W/Strc Usbl WExzn

Conforming Zoning: Yes
Freestanding: Yes
W/Commercial Building: Yes

Location

Downtown Area: Yes

Construction

Block: Yes
Cement Siding: Yes
Steel Framing: Yes

Road Frontage

City Street: Yes

Land Status

Land Included: Yes

Type of Business

Professional Service: Yes
Professional/Office: Yes
Retail: Yes

Ceiling Height

8 - 10 Ft: Yes
11 - 15 Ft: Yes

Floors

Carpeting: Yes
Laminate/Wood Floors: Yes
Wood: Yes

Walls

Paneled: Yes
Sheet Rock: Yes
Wood: Yes

Water Heater

Gas: Yes

Sewer

Unknown: Yes

Utilities Available

City Sewer: Yes
City Water: Yes
Electric: Yes
Gas: Yes

Property Features

Parking Type: Parking Area; Parking Lot; Street Parking Possession: At Closing; At Funding; Negotiable Will Sell: Cash; Owner Carry 1st; Owner Carry 2nd; Sell Entirely Land Status: Land Included Road Frontage: City Street Location: Downtown Area Type of Business: Professional Service; Professional/Office; Retail Construction: Block; Cement Siding; Steel Framing Ceiling Height: 8 - 10 Ft; 11 - 15 Ft Floors: Carpeting; Laminate/Wood Floors; Wood Walls: Paneled; Sheet Rock; Wood Roof: Minimum Pitch Heating: Electric; Heat Pump Water Heater: Gas Miscellaneous: Display Window; Fencing; Inside Storage; Living Area In Building; Outside Storage; Shelving Main Size Water: Unknown Sewer: Unknown Utilities Available: City Sewer; City Water; Electric; Gas

Listing Office: Keller Williams Realty

Last Updated: December - 26 - 2025

Information deemed reliable but not guaranteed.