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    2213 Sudderth Dr Ruidoso, NM 88345

    For Sale
    $699,000

    Profitable Mid-Town Ruidoso Business

    Property size:
    2,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial property, located at 2213 Sudderth Drive in Ruidoso, New Mexico, presents a unique investment opportunity. The 0.18-acre lot features a 2,150 square foot building currently operating as the Tall Pines Beer & Wine Garden, a TripAdvisor #1 rated Ruidoso attraction. The property boasts a prime midtown location on the south side of Sudderth Drive, directly across from public parking and a ReStore shop, ensuring high foot traffic. Included is a 2-bedroom chalet with a lease in place until October 2025, providing guaranteed income. The chalet is currently rented to a local family. The property features covered parking, a natural spring in the backyard, two wood-burning fireplaces, and historical accents. The expansive outdoor patio adds to the property's appeal. The existing business is easily adaptable to various uses, including additional rental units, a different commercial venture (retail, coffee shop, bakery, dispensary, etc.), or even a private residence. The asking price is $699,000. This is a rare chance to acquire a coveted commercial property in the heart of Ruidoso's thriving tourist destination. The property's zip code is 88345, and it's situated in Lincoln County.

    Property Features for 2213 Sudderth Dr

    General Information

    Property type
    Land
    Square Feet
    2,150 SF
    Lot Size
    7,841 SF

    HighLights

    • Prime 0.18‑acre commercial lot in Ruidoso, NM (88345), located at 2213 Sudderth Drive.
    • 2,150 sq ft building currently operating as the #1 TripAdvisor‑rated Tall Pines Beer & Wine Garden.
    • High foot traffic location in midtown Ruidoso, across from public parking and a ReStore.
    • Includes a 2‑bedroom chalet with a lease in place until October 2025, generating guaranteed income.
    • Features covered parking, a natural spring, two wood‑burning fireplaces, and historical accents, plus an expansive outdoor patio.
    • Adaptable to various uses: additional rentals, retail, or private residence. Asking price: $699,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tall Pines Beer ... Beer Garden

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ruidoso
    County
    Lincoln
    State
    New Mexico
    Longitude
    -105.6680366
    Latitude
    33.3307393

    Nearby Comparable

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      Ruidoso Commercial Land Investment

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      2319 Sudderth Dr, Ruidoso, NM 88345
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    • $595,000
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      Ruidoso Commercial Land Investment

      Prime 0.08-acre lot, 1,100 SF
      2319 Sudderth Dr, Ruidoso, NM 88345
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    • $1,100,000
      19.92 Acres

      Ruidoso Acreage with Creek

      19.92 acres near Midtown with creek and mountain views.
      20a Grindstone Canyon Rd, Ruidoso, NM 88345
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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Profitable Mid-Town Ruidoso Business
    Where is this land located?
    The property is located at 2213 Sudderth Dr Ruidoso, NM.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Prime 0.18-acre commercial lot in Ruidoso, NM (88345), located at 2213 Sudderth Drive.; 2,150 sq ft building currently operating as the #1 TripAdvisor-rated Tall Pines Beer & Wine Garden.; High foot traffic location in midtown Ruidoso, across from public parking and a ReStore.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2213 Sudderth Dr Ruidoso, NM 88345
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