# 138 Paradise Canyon Drive, Ruidoso, NM 88345

> **TL;DR:** commercial, $305,000. Est. $1,322/mo. Listed 42 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $305,000 |
| Lot Size | 41,382 sqft (0.95 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 42 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,322 |
| **Total** | **$1,322** |

## Property Highlights

- 0.95 acre lot
- 2 stories

## Description

### 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.

## Location

- **Address:** 138 Paradise Canyon Drive, Ruidoso, NM 88345
- **County:** Lincoln
- **Neighborhood:** Palmer Gateway
- **Coordinates:** 33.325949, -105.650013
- **Google Maps:** https://www.google.com/maps?q=33.325949,-105.650013

## Listing Agent

- **Name:** Eugene A Heathman
- **Brokerage:** RE/MAX Classic Realty
- **Phone:** 5759379330
- **Email:** eugene_realtor@yahoo.com

## Primary Photo

![138 Paradise Canyon Drive - Primary Photo](http://lh.rdcpix.com/af95b9dbe4f7189016f7ffdbf0de1807l-f1156238810r.jpg)

*14 total photos available on [listing page](https://www.propertysimple.com/listing/138-paradise-canyon-drive-ruidoso-nm-88345-2601261)*

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**MLS#:** 2601261 | **Updated:** 2026-06-19
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/138-paradise-canyon-drive-ruidoso-nm-88345-2601261)

---

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