26394 Us-70 Ruidoso Downs, NM 88346
This exceptional 1,600-square-foot commercial condominium unit, located at 26394 US-70 #5 in Ruidoso Downs, New Mexico, presents a unique investment opportunity. Priced at $160,000, this end unit within the Agua Fria Commercial Condominiums complex offers convenient highway access, directly off Highway 70. The property features an oversized garage door, ideal for easy loading and unloading, and multiple interior rooms, including a powder room with a toilet and sink. Additional storage space is accessible via steps leading to a raised level. Natural light is provided by windows equipped with security bars. This quiet, eight-unit complex boasts a mix of commercial uses, offering diverse potential. The 0.04-acre lot provides ample space for this warehouse, making it a rare find in the Ruidoso area. Its prime location and versatile layout make it suitable for a variety of commercial applications. The property is situated in Lincoln County, New Mexico, with a zip code of 88346. This is a remarkable chance to acquire a well-positioned commercial space with significant potential for growth and return on investment. Don't miss this opportunity to own a piece of Ruidoso Downs' thriving commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.