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$305,000
Est. payment /mo
0.95 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Palmer Gateway
MLS Listing ID 2601261
Lot Size 0.950 Acres
Acres 0.95
Lot Dimensions .76 to 1 AC
Property Sub-Type Commercial
Source lascruces
Property Description
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
State NM
County Lincoln
Interior
Flooring Carpet, Ceramic Tile, Concrete
Fireplace N
Exterior
Parking Features Parking Pad
Utilities Available Natural Gas Available, Electricity Available
Roof Type Metal
Building
Story 2
Sewer Unknown, Public Sewer
Water Public
Structure Type Frame
Others
Acceptable Financing Cash, Owner Carry
Listing Terms Cash, Owner Carry
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Listed by RE/MAX Classic Realty
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Abby Aguilera
Broker Associate | REC-REC-2025-0874
Broker Associate REC-REC-2025-0874