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Property profile & analytics
OFF-MARKET
Specialty properties

2213 Sudderth Dr Ruidoso, NM 88345

2,150 SF 0.18 ac lot
Property ID
US61-1115586
Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Total area 2,150 SF
Lot 0.18 ac (7,841 SF)
UPID US61-1115586
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tall Pines Beer and Wine Garden Bar & Pub
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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