138 Paradise Canyon Drive, Ruidoso, NM 88345
$305,000
Property Type:
Commercial Ind
Lot Size (sq. ft.):
41,382
Status:
Active
Current Price:
$305,000
List Date:
4/20/2026
Last Modified:
5/25/2026
Overview
Description
Listing Details MLS# 2601261
Location, Tax & Legal
- Number
- 138
- Street Name
- Paradise Canyon
- St Suffix
- Drive
- County
- Lincoln
- State
- NM
- Zip Code
- 88345
- Area
- 844 - Ruidoso
- Subdivision
- Palmer Gateway
- Zip +4
- 7572
- Account Number
- 50725
- Major Area
- All Areas
- Parcel Number
- 4-073-065-258-280
Contract Information
- Qualifying Broker Name
- Eugene Heathman
- Qualifying Broker License #
- 19925
- Property Sub-Type
- Commercial
- Asking Price
- 305000
- Term Date
- 2026-04-20
- Marketing Date
- 2026-04-20
General Property Info
- HOA
- No
- Use of Electronic Document Transmission
- Yes
- Property in PID
- No
- Green Certified
- No
- Number of Units
- 3
- # Stories
- 2
- Lot SqFt
- 41382
- Lot Acres
- 0.95
- Actual Lot Size Source
- Public Records
- Age
- Unknown Age
- Condition
- Fair/Poor
- Parking Capacity
- 8
- Earnest Money Payable To
- Lincoln County Abstract & Title
- 3rd Party Approval
- No
- Short Sale
- No
- Owner Financing
- Yes
- Court Approval
- No
Building Info
- Other
- Multi-Family, Multi use
- SqFt Land
- 41382
Location
- Other - See Remarks
- Paradise Canyon
Roof
- Other - See Remarks
- Mixed
- Metal
- Yes
More Information
Heating
- Other - See Remarks
- Split Units
Cooling
- Other - See Remarks
- Split Units
Tenant Pays
- Other - See Remarks
- Other
- Electricity
- Yes
Remarks & Misc
- Legal
- Block 14, Lot 2, 3 of Palmer Gateway
- Advertising Remarks
- 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.
Office/Member Info
- Office Address
- RE/MAX Classic Realty, Commercial Division 2805 Doral Ct Las Cruces, NM 88011
Parking Type
- Parking Area
- Yes
Miscellaneous
- Outside Storage
- Yes
Possession
- At Funding
- Yes
Will Sell
- Cash
- Yes
- Owner Carry 1st
- Yes
Imp W/Strc Usbl WExzn
- Freestanding
- Yes
- Multiple Dwelling
- Yes
Construction
- Frame
- Yes
Road Frontage
- City Street
- Yes
Land Status
- Land Included
- Yes
Type of Business
- Hotel/Motel
- Yes
- Professional Service
- Yes
- Retail
- Yes
Ceiling Height
- Varied Heights
- Yes
Floors
- Carpeting
- Yes
- Ceramic Tile
- Yes
- Concrete Slab
- Yes
Walls
- Sheet Rock
- Yes
Water Heater
- Gas
- Yes
Main Size Water
- Unknown
- Yes
Sewer
- Unknown
- Yes
Utilities Available
- City Sewer
- Yes
- City Water
- Yes
- Electric
- Yes
- Gas
- Yes
Property Features
Parking Type:
Parking Area
Possession:
At Funding
Will Sell:
Cash; Owner Carry 1st
Land Status:
Land Included
Road Frontage:
City Street
Type of Business:
Hotel/Motel; Professional Service; Retail
Construction:
Frame
Ceiling Height:
Varied Heights
Floors:
Carpeting; Ceramic Tile; Concrete Slab
Walls:
Sheet Rock
Roof:
Metal
Water Heater:
Gas
Miscellaneous:
Outside Storage
Main Size Water:
Unknown
Sewer:
Unknown
Utilities Available:
City Sewer; City Water; Electric; Gas
Tenant Pays:
Electricity
County Property Report ›
Listing Office:
RE/MAX Classic Realty
Last Updated: May - 25 - 2026
Information deemed reliable but not guaranteed.