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About This Home

This 0-bedroom, 0-bathroom commercial at 138 Paradise Canyon Drive in Ruidoso, NM is listed for $305,000. on a 0.95 acres lot.

Agent Description

Excellent investment property opportunity. Finish to suit Triplex, possible 4 unit residential rental and/or commercial on one of the very few commercial (C1) zoned properties on Paradise Canyon in Ruidoso, NM near the Rio Ruidoso. Owner has begun remodeling construction on the 3 units.

One unit is a studio casita near completion. The other is a two level. Upstairs and downstairs units are separate with one bedroom and bath. There is another unit requiring remodel and another multi use storage building. Current units are separately metered for electric. Separate gas meters. Single water-sewer meter. Ample parking. property is not flood damaged according to seller. Buyer to independently verify all documents, floodway , zoning, building code.

Key Features

  • 0.95 acre lot
  • 2 stories

Property Details

2 stories

Monthly Cost Estimate

$1,631/mo

20% down · 6.5% · 30 years

Principal$221
Interest$1,322
Insurance$89

Estimates only. Actual payments may vary.

Location

138 Paradise Canyon Drive

Ruidoso, NM 88345

Palmer Gateway

Property Details

Flooring

CarpetConcreteTile - Ceramic

Construction

Frame

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 138 Paradise Canyon Drive is listed at $305,000. The estimated monthly payment is $1,322 based on 20% down at 6.5% interest.

Key features include: 0.95 acre lot, 2 stories.

This property is listed by Eugene A Heathman and can be reached at 5759379330 or eugene_realtor@yahoo.com.

EH

Eugene A Heathman

Agent at RE/MAX Classic Realty

(575) 937-9330

Listed by RE/MAX Classic Realty

MLS# 2601261· Source: listhub· Updated 42 days ago

Copyright © 2026 Las Cruces Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

138 Paradise Canyon Drive, Ruidoso, NM 88345

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