Ruidoso Commercial Zoned
For Sale
$305,000
138 Paradise Canyon Dr, Ruidoso, NM 88345
Investment property with remodeling started near Rio Ruidoso.
Property Size1,455 SF
Price / SF$209.62
Days on Market132
Property Features for 138 Paradise Canyon Dr
General Information
Standard status
Active
Size
1,455 SF
Taxes and HOA fees
Annual Taxes
$1,135
Listing Agency:
RE/MAX Classic Realty Commercial Division
(575) 937-9330
Listed By:
Eugene A Heathman · License ##19925
(575) 937-9330
Source:
Exprealty
Added: Apr 20
Changed: Aug 28
Last Checked: Aug 29 at 11:26AM
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 RE/MAX Classic Realty Commercial Division
Investment Insights
Based on property information with market context.
This property presents an investment opportunity with remodeling already underway. Zoned C1, the property is located on Paradise Canyon Drive in Ruidoso, New Mexico, near the Rio Ruidoso. The site includes a triplex with the potential for a four-unit residential rental or commercial use. Remodeling construction has commenced on the three units, including a near-complete studio casita. The other unit is a two-level structure with separate upstairs and downstairs units, each featuring one bedroom and bath. An additional unit requires remodeling, and there is also a multi-use storage building on the premises. The current units are separately metered for electric and gas. There is a single water-sewer meter. Ample parking is available. The property size is 1455 square feet. According to the seller, the property has not sustained flood damage.
Key Highlights
- C1 commercial zoning: rare opportunity for residential rental and/or commercial use on Paradise Canyon.
- Triplex with remodeling started: owner has begun remodeling into three units, offering a head start on value creation.
- Potential for 4 units: opportunity to expand to four units, increasing rental income potential.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
234
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Investment property with remodeling started near Rio Ruidoso.
Where is this triplex located?
The property is located at 138 Paradise Canyon Dr Ruidoso, NM.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: C1 commercial zoning: rare opportunity for residential rental and/or commercial use on Paradise Canyon.; Triplex with remodeling started: owner has begun remodeling into three units, offering a head start on value creation.; Potential for 4 units: opportunity to expand to four units, increasing rental income potential.
