Redevelopment Lodge with 16
For Sale
$990,000
107 El Paso Road, Ruidoso, NM 88345
Redevelopment-ready property with updated building systems and finish-to-suit options for hospitality, apartments, or office uses.
Property Size6,000 SF
Days on Market55
Property Features for 107 El Paso Road
General Information
Standard status
Active
Size
6,000 SF
Additional Details
Multifamily Units
16
Amenities
61 to 70 Years
Active
Land Included
Hotel/Motel, Professional Service, Professional/Office
No
Fair/Poor
Motel, Lodging, Mixed Use
Plaster,Sheet Rock
.9973 ac
2
8 - 10 Ft
Various HVAC and Split Units
various
6000
Possible office, medical
Minimum Pitch, Tile
Unknown, Public Sewer
Natural Gas Available, Phone Available, Electricity Available
composition
Electric,Utilities/Master Meter
Campus Area
Parking Lot, Paved
City Street
.76 to 1 AC
43124
17
Public Records
Frame, Stucco
Conforming Zoning,W/Commercial Building,Freestanding
Building Details
Building Size
6,000 SF
Stories
2
Listing Agency:
(575) 650-7224
Listed By:
Ron Bruder
(575) 650-7224
Source:
Homesforsaleinlascruces.idxbroker
Added: Jun 30
Changed: Aug 14
Last Checked: Aug 22 at 3:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ron Bruder
Investment Insights
Based on property information with market context.
The Nob Hill Lodge is a 16-unit redevelopment property that includes office and management quarters. The offering is presented as “finish to suit,” with flexibility for hospitality, apartment living, office, and other uses consistent with the existing configuration. Recent work includes replacement of windows throughout, decking, roof, exterior stucco, and updates to plumbing, sewer, electrical, and HVAC infrastructure, completed under approved permits. Architectural renderings are available to support further completion planning.
The property is located just off Highway 70 near El Paso Rd and is described as being in the proximity of Lincoln County Medical Center, along with nearby hotels, restaurants, and commercial businesses. The surrounding area supports a mix of lodging, dining, and general commercial activity.
For buyers and operators, the combination of 16 residential units plus dedicated office and management space can support multi-purpose operations, including a continued hospitality concept or a conversion to apartment-style living. The scope of permitted infrastructure replacements may help reduce near-term capital requirements while allowing the remaining work to be completed to a selected business plan using the provided renderings.
The property is located just off Highway 70 near El Paso Rd and is described as being in the proximity of Lincoln County Medical Center, along with nearby hotels, restaurants, and commercial businesses. The surrounding area supports a mix of lodging, dining, and general commercial activity.
For buyers and operators, the combination of 16 residential units plus dedicated office and management space can support multi-purpose operations, including a continued hospitality concept or a conversion to apartment-style living. The scope of permitted infrastructure replacements may help reduce near-term capital requirements while allowing the remaining work to be completed to a selected business plan using the provided renderings.
Key Highlights
- 17 total units in a 2‑story freestanding commercial building (conforming zoning) with possible office/medical use.
- Redevelopment‑ready layout includes a 16‑unit configuration plus office and management quarters.
- Updated building systems: windows replaced, decking, roof, exterior stucco, plumbing, sewer, electrical, and HVAC infrastructure replaced to permits.
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 88345, NM
8,423
Population
8,844
Households
1
Avg Household Size
52
Median Age
33%
College-Educated
92%
High-School Grad
39.3 sq mi
ZIP Area
214
Density / Sq Mi
$51,008
Median Household Income
$30,842
Median Earnings
$916
Median Rent
$232,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Redevelopment-ready property with updated building systems and finish-to-suit options for hospitality, apartments, or office uses.
Where is this hotel located?
The property is located at 107 El Paso Road Ruidoso, NM.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 17 total units in a 2‑story freestanding commercial building (conforming zoning) with possible office/medical use.; Redevelopment‑ready layout includes a 16‑unit configuration plus office and management quarters.; Updated building systems: windows replaced, decking, roof, exterior stucco, plumbing, sewer, electrical, and HVAC infrastructure replaced to permits.
