REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 305,000
Est. payment | /mo
0.95 Acres Lot
$ 305,000
Est. payment | /mo
0.95 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Palmer Gateway
MLS Listing ID 2601261
Lot Size 0.950 Acres
Acres 0.95
Lot Dimensions .76 to 1 AC
Property Sub-Type Commercial
Source lascruces
Property 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
State NM
County Lincoln
Interior
Flooring Carpet, Ceramic Tile, Concrete
Fireplace N
Exterior
Parking Features Parking Pad
Utilities Available Natural Gas Available, Electricity Available
Roof Type Metal
Building
Story 2
Sewer Unknown, Public Sewer
Water Public
Structure Type Frame
Others
Acceptable Financing Cash, Owner Carry
Listing Terms Cash, Owner Carry
©2026 The Las Cruces Association of REALTORS®, Inc. All rights reserved.
Listed by RE/MAX Classic Realty
LasCrucesHomeTeam.com
Broker Associate License ID: REC-2023-0607
Sonoma Ranch Blvd, Las Cruces, NM 88011, USA
Top Clicks - Las Cruces
Las Cruces Popular Areas
GET MORE INFORMATION
Carl Krause
Broker Associate License ID: REC-2023-0607
REVIEWS
- Ronnie & Carl our team of Realtors. Help us find our forever, home Walked us through the process of everything. And made a seamless transaction. If you’re looking for a realtor, we highly recommend Ronnie and Carl. They will work effortlessly to help you find your home. Jerry & Debbie
Debbie Wilbanks
- We recently purchased a condo in Santa Fe. Although our broker was from Santa Fe, we were fortunate to be able to utilize Carl Krause’s extensive knowledge of real estate transactions to help us navigate the purchase. It gave us peace of mind knowing we had a trusted ally from our home town to advise us on the process. Thank you Carl!
Carol Placchi
- Had a great experience buying my house with this team. I was selling my place in Colorado and couldn’t be in Las Cruces to look at houses. Carl was so helpful getting together a list of houses - in a spreadsheet ! that included all the information about each house. Then he took the time to set up appointments and FaceTime me with the walkthroughs. Finally sold my place and with the help of Carl and Ronnie, was able to close on a great house here in record time!
M H
