Hoosier Hot Springs & Inn

Business and Real Estate for Sale.

Includes 29 acre feet of commercial hot mineral water rights.

516 Austin Street is a ±6,850 SF hot springs inn situated on two buildings within the Hot Springs Bathhouse and Commercial Historic District in Truth or Consequences, NM — a 56-acre district listed on the National Register of Historic Places in 2005.

Originally constructed in 1936, the property was renovated between 2023 and 2026 and operates as Hoosier Hot Springs & Inn, offering 10 short-term rental units, 2 long-term rentals, and an on-site hot springs facility with three outdoor soaking areas as well as the original 1937 indoor bathhouse.

Positioned within walking distance of downtown Truth or Consequences and the Rio Grande, the site sits alongside several other hot springs operators in the historic district.

Hoosier Hot Springs & Inn has operated in Truth or Consequences’ historic bathhouse district since 1937, offering guests access to naturally heated mineral water alongside short- and long-term accommodations. Following a multi-year renovation, the property now combines a fully restored hot springs facility with newly updated inn units, positioning it among the area’s established wellness-tourism destinations. The business continues to operate under local, hands-on management focused on guest experience and property upkeep.