Mixed-Use Land for Sale in Ruidoso, New Mexico
138 Paradise Canyon Dr, Ruidoso, NM 88345
Excellent investment property opportunity. Finish to suit Triplex, possible 4 unit residential rental and/or commercial on one of the very few commercial (C1) zoned properties on Paradise Canyon in Ruidoso, NM near the Rio Ruidoso. Owner has begun remodeling construction on the 3 units. One unit is a studio casita near completion. The other is a two level. Upstairs and downstairs units are separate with one bedroom and bath. There is another unit requiring remodel and another multi use storage building. Current units are separately metered for electric. Separate gas meters. Single water-sewer meter. Ample parking. property is not flood damaged according to seller. Buyer to independently verify all documents, floodway , zoning, building code.
Location
- Street address
- 138 Paradise Canyon Dr
- County
- Lincoln County
- Community
- Palmer Gateway
- Elevation
- 6,545 feet
Property details
- Lot size
- 0.95 acres41,382 sq ft
- MLS #
- LASCRUCES 2601261
- Posted
Parcels
- 4-073-065-258-280
Legal description
Block 14, Lot 2, 3 of Palmer Gateway
Open houses
| Date | Begins | Ends | Appt needed | Remarks |
|---|---|---|---|---|
| May 24, 2026 | 11:00 AM | 1:00 PM | No | Check out this finish to suit multi unit investment with possible seller financing |
Details and features
Listing
- Type
- Commercial Sale
- Unit Count
- 3
- Franchise
- RE/MAX International
Structure
- Stories
- 2
- Water
- Public
- Sewer
- Public Sewer
- Materials
- Frame
- Roof
- Metal
Interior
- Flooring
- Carpet, Ceramic Tile, Concrete
Property utilities
| Category | Type | Status |
|---|---|---|
| Gas | Natural Gas | Available |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 12, 2026 | New listing | $305,000 | — | LASCRUCES |