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$325,000
134447 MLS
Single-Level commercial building on Carrizo Canyon Road offering excellent visibility, high traffic exposure, and easy year-round access. Currently operating as Adobe Day Spa and Chiropractic, the property features multiple rooms presently configured as couples massage rooms that could easily serve as private offices or other professional spaces. The large lot includes additional parking in the back with ample room for equipment and storage. Great opportunity for a versatile multi-use property and potential for a live-work arrangement.

616 Carrizo Canyon Rd, Ruidoso
$449,000
134412 MLS
Capitan Estates Mobile Home & RV Park - Excellent investment opportunity with this established 20-space mobile home and RV park situated on 18+/- acres with exceptional visibility and easy year-round access from Hwy 48. The property is served by underground utilities, Capitan water, and four septic systems, offering reliable infrastructure and low-maintenance operation. Stable occupancy provides immediate income, while value-add potential exists through rental increases, operational improvements, and expansion. An adjacent vacant parcel, included in the sale, offers additional development opportunities, making this a rare chance to own an income-producing property with significant upside in a highly accessible location.

104 Aspen Dr, Capitan
$399,000
134409 MLS
Stylishly Renovated with Investment Potential or perfect for work from home life! This beautifully updated single-level building offers 4 bedrooms, 2 bathrooms, 2286 sq ft+-, and flexible space to fit your lifestyle. Enjoy inviting curb appeal with upscale landscaping, a fully fenced yard, and a covered front patio. Inside, you'll find wood flooring, a cozy wood-burning fireplace, a spacious dining area, and an updated kitchen featuring granite countertops and stainless-style appliances. A versatile bonus room can serve as a OFFICE, 4th bedroom, or additional living space. Relax outdoors on the private deck with hot tub and privacy fencing. Detached carport, extra parking, convenient location near medical facilities, and desirable C-2 zoning with excellent potential for your business!

104 Bishop Rd, Ruidoso
$999,000
134275 MLS
Bestway Inn is a well-maintained updated lodging property in Ruidoso Downs offering 21 guest rooms plus a 2-bedroom apartment, creating multiple revenue and operational opportunities. Current owners of 15 years. The room mix includes 8 rooms with one bed, 12 rooms with two beds, and 1 room with three beds, allowing the property to accommodate a variety of traveler needs, from solo guests to families and groups. The attached 2-bedroom apartment, located just off the lobby, is ideal for an on-site owner or management team, helping streamline operations and guest service. Alternatively, the apartment could be rented separately to generate additional income. This property offers investors and owner-operators a turnkey hospitality opportunity with flexible use options and upside potential

26154 Us-70, Ruidoso Downs
$395,000
134271 MLS
Prime restaurant opportunity at the Intersection of Hwy 380 and Hwy 54 in Carrizozo. This is an outstanding opportunity for an owner-operator or investor. All essential equipment is included , making this a true turnkey operation.. Features include: Drive-thru service window, indoor dining area, outdoor seating area, two customer restrooms, and an outdoor storage container. This well-kept kitchen and dining facility has excellent visibility and high traffic exposure, ready for immediate operation!

6540 Us 380, Carrizozo
$1,700,000
134234 MLS
Charming log cabin at 102 Sagebrush sitting on 0.74 acres. This 1,248 sq ft, 3 bed/2 bath home features a spacious living room, full kitchen, laundry room, & a covered front deck perfect for taking in the mountain air. The primary suite includes its own bathroom & closet. Separate basement entry adds bonus potential for storage or workshop space. Home being sold along with 107 Sagebrush which is an event barn. MLS #132709. A rare chance to own a true mountain retreat with room to grow, whether you're looking for a full-time residence, vacation getaway, or investment property in one of New Mexico's most beloved mountain communities. A must see.

102 & 107 Sagebrush Dr, Ruidoso Downs
$250,000
134192 MLS
Prime commercial property located on the highly visible corner of Highway 48 and Enchanted Forest Loop. This lot is just over a half an acre with a versatile metal building featuring four overhead doors, a half bath, ample parking, and additional room for future expansion. The property also includes extra storage space, an air compressor, and an RV hookup, providing added functionality for a variety of business uses. Utilities include public water service and a private septic system. With its strategic location, flexible layout, and room to grow, this commercial property offers endless possibilities for business, storage, service operations, retail, or investment purposes.

1124 Hwy 48, Alto
$585,000
134151 MLS
Prime Commercial Location on Sudderth Drive with level access year around and visibility on the busiest road in town! Approximately 3,673 square feet of retail space with lots of improvements! New vinyl flooring in half of the interior, vaulted ceilings, new ceiling fans, 2 half bathrooms with vanity, loft storage, rustic finishes, gas log stove, 2 dressing rooms/closets, and office space. Security cameras on exterior/interior. Parking in front and on side; very versatile commercial space! No inventory included at this price. Has NOT flooded.

1308 Sudderth Dr, Ruidoso
$845,000
134054 MLS
Prime Commercial Space on Mechem Drive - Great Location and Visibility: 1228 Mechem Dr. is under a long-term lease with Nmed.1230 Mechem Dr has prominent frontage on Hwy 48 (Mechem Dr), attracting high daily traffic. The site offers ample parking and a flexible layout for various business types. Zoned C-2 (check with Ruidoso Village), it's near major retailers, dining options, and professional services, creating a lively neighborhood vibe. Located in the heart of Ruidoso's main commercial area, this prime property provides excellent visibility and easy access for locals and tourists alike. An excellent chance to grow your brand in this vibrant mountain town, ideal for boutiques, professional offices, or specialty services.

1228/1230 Mechem Dr, Ruidoso
$535,000
134053 MLS
Great Commercial location on Sudderth Dr. in the downtown walking area. The property has possibility of 2 off street parking spots which is rare in the downtown area. Ask about the Business name possibly going with the building sale.The property has a showroom, storage and 1 full bathroom on the main level. It has an apartment with bedroom, Kitchen area and 3/4 and 1/2 bathroom on the second floor. Seller will consider owner financing on the property. This could possibly be ideal for a Buyer needing living space on the property and having your store front together. so many possibilities with this super location. Call for an appointment if interested in viewing this property.

2610 Sudderth Dr, Ruidoso
$469,000
134052 MLS
Versatile property with strong commercial potential along Hwy 48 (Billy the Kid Trail), offering excellent visibility and easy access. Ideal for business owners, artists, or those needing functional outdoor workspace, with ample room for equipment, projects, storage, and future expansion. The approx. 3/4 acre lot features three access points, abundant parking, and turnaround space for larger vehicles or trailers. Level areas provide flexibility for a variety of uses or additional structures, with adjoining acreage also available for purchase. A unique bonus, the cabin includes two separate living spaces--perfect for live/work convenience or extended use. Set in an inspiring mountain community. Includes a complimentary one-year home warranty for the buyer.

1086 New Mexico 48, Alto
$850,000
133945 MLS
A rare and exciting opportunity to own a well established restaurant. It was established in 1993, the Lincoln County Grill has been a beloved staple of the Ruidoso dining scene for over three decades. Known for its welcoming mountain-town atmosphere, exceptional food, and unparalleled hospitality, this well established restaurant has built an incredibly loyal following of both local residents and year-round tourists. The sale includes all furniture, fixtures, and equipment. Also enjoy the great outdoor dining and mountain flair.

2717 Sudderth Dr, Ruidoso
$305,000
133943 MLS
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.

138 Paradise Canyon Dr, Ruidoso
$419,000
133862 MLS
Prime commercial opportunity in the heart of Midtown Ruidoso, one of the area's most vibrant and high-traffic districts. This versatile space offers excellent visibility and easy access, making it ideal for retail, office, or service-based businesses. Surrounded by popular shops, restaurants, and steady foot traffic, your business has potential to benefit from strong local and tourist exposure year-round. The property features a well-maintained interior, flexible layout, and convenient access for customers and deliveries. Whether you're launching a new venture or expanding an existing one, this Midtown location provides the perfect setting to thrive in Ruidoso's dynamic commercial scene.

2525 Sudderth Dr, Ruidoso
$3,650,000
133822 MLS
Shadow Mountain Lodge & Cabins, Ruidoso's most beloved lodge is ready for new owners. Located at the mouth of the beautiful Upper Canyon SML stands out as something special. The exterior is warm and inviting with all cedar wood siding, new metal roof, an expansive deck and gorgeous gardens. This is a well kept, well established business with a significant repeat customer base. The property consists of 19 lodge suites, 4 romantic whirlpool cabins, housekeeping/ maintenance room and an office with living quarters or additional 2 bedroom rental. The Lodge suites have all recently experienced a major renovation with features only fine lodges offer. The cabins are simply spectacular and offer a complimentary quality to the operation. Ruidoso is a quaint tourist town with plenty to offer

107, 113 Main Rd, Ruidoso
$2,850,000
133821 MLS
Upper Canyon Inn & Cabins, Ruidoso's most romantic lodging. The property has undergone major renovations with the vision of hosting the perfect romantic getaway. Whirlpool suites, fireplaces, kitchenettes and the charming mountain decor have grown the occupancy over the past few years and has many returning guests. The property consists of 10 whirlpool suites, 3 romantic cabins with amazing custom woodwork, 2 two bedroom cabins and the Tree House, a four story 4 bedroom cabin that can be used as a residence or cabin rental. The grounds are well kept with a large green space and the property sits across from the Rio Ruidoso in the historic Upper Canyon. This is a great investment opportunity as well as a great place to bring up a family or retire from the city.

215 Main Rd, Ruidoso
$545,000
133721 MLS
This property in the Registered Historical district of Lincoln, NM consists of a 2906 sq ft Ranch House that has 3-BR, 3.5-BA and sits on approximately 2.31 acres with senior water rights. It started life as a carriage house and was completely renovated in 1981, and is now known as ''The Old Trail House'' has lots of possibilities! If you are looking for rental income possibilities, two of the bedrooms are large private suites, can be separated from the main home, have their own entrances, AND private parking. These spaces could also be used in a multi-generational setting, possible Bed & Breakfast, Artist studios, etc. With stunning mountain views and peaceful setting, this property also could serve as a stunning wedding venue.

1182 Calle La Placita, Lincoln
$2,700,000
133699 MLS
THIS UNIQUE COMMERCIAL PROPERTY IS LOCATED ON 2.69 ACRES IN RUIDOSO DOWNS, NM, OFF U.S. HWY 70. LOTZA STUFF IS CURRENTLY OCCUPYING THE PROPERTY. THE PROPERTY IS COMPRISED OF 4 SEPARATE METAL BUILDINGS. THE FIRST BUILDING IS 10,000 SQFT WITH EVAP AC, 1-1/2 BATH AND APPROX 14 FT CEILINGS. OWNERS HAVE ADDED A 1,500 SQFT PLANNED ESCAPE ROOM. THE EXPANSION IS ABOUT 75% COMPLETE AND INCLUDES 2-1/2 BATHROOMS, 7 ROOMS AND HAS REF AC. THE SECOND BUILDING IS 9,900 SQFT WITH REF AC, 1-1/2 AND APPROX 16 FT CEILINGS. THE TWO REMAINING BUILDINGS CONSIST OF 20-10'X12' RENTAL STORAGE UNIT AND A 20-1O'X20' RENTAL STORAGE UNIT. ALLOW YOUR DESIGN CELLS TO RUN WILD WITH ALL THE POTENTIAL USES FOR THIS COMPLEX. OWNER WILL CONSIDER CARRYING A NOTE.

26554 Us-70, Ruidoso Downs
$795,000
133641 MLS
Prime 1,800 sq ft retail space in the heart of Mid-Town - Highly visible corner lot with strong foot traffic and private parking. Ideal floor plan for your future retail collective, bistro or art gallery. Large front windows provide abundant natural light and visibility. 2023 Upgrades include electric, plumbing, metal roof, flooring windows, spray foam insulation, showroom lighting, and storage shed. Turnkey opportunity with C-3 commercial zoning. Owner/Broker.

2339 Sudderth Dr, Ruidoso
$565,000
133630 MLS
Whether you're launching a new venture, expanding an existing operation, or seeking a well-positioned investment in a growing mountain market, 1509 Sudderth Dr. delivers the exposure and accessibility needed to thrive in one of New Mexico's most desirable destination communities. High-visibility, consistent traffic flow, convenient access and parking and strong market fundamentals. Suitable for a wide range of uses such as retail, office, boutique services, or specialty business concepts.

1509 Sudderth Dr, Ruidoso
$2,200,000
133612 MLS
Discover a premier investment opportunity in the heart of Ruidoso, NM. This versatile multi-use commercial property offers unmatched potential with a high-visibility retail or office storefront. The expansive site includes two dedicated residential units, perfect for owner-occupancy or rental income. The property also features a storage building and an additional multi-purpose structure, providing ample room for expansion, workshops, or specialized services. Whether you envision a boutique, a professional hub with on-site housing, or a creative compound, this rare find adapts to your vision. completely remodeled inside and out, Large paved parking lot and fully fenced/gated. Don't miss this chance to own a flexible asset in a thriving mountain community.

139 El Paso Rd, Ruidoso
$990,000
133604 MLS
The Nob Hill Lodge located at the Gateway to Ruidoso is an iconic redevelopment and investment opportunity in the proximity of Lincoln County Medical Center, hotels, restaurants and commercial businesses just off HWY 70. Abundant possibilities exist with the 'finish to suit' to hospitality, apartment living, office and various use of 16 unit with office and management quarters. Recently replaced windows throughout, decking, roof, exterior stucco, plumbing, sewer electrical, HVAC Infrastructure has been recently replaced to approved permits and architectural renderings. The Nob Hill Lodge is a unique opportunity to complete a well situated redevelopment project . Ruidoso, NM is a outdoor recreation , sports and tourism destination in south central New Mexico.

107 El Paso Rd, Ruidoso
$400,000
133571 MLS
Position your investment on one of Ruidoso's most traveled corridors! This 2,500+/- sq ft commercial building sits prominently on busy Sudderth Dr. offering excellent visibility, easy access, and strong daily traffic. The property is currently leased to a well-established, long-term business, providing immediate income and stability for an investor. Additional lots convey with the sale for paved parking access. The generous square footage allows flexibility for a variety of commercial uses. Seller financing may be available, making this an attractive opportunity for qualified buyers. The existing business may also be available for purchase, or acquire the building alone and enjoy steady returns in a high-demand location. A rare chance to own a solid commercial asset in the heart of Ruidoso!

1000 Sudderth Dr, Ruidoso
$689,000
133558 MLS
New roof as of May, 2026! Prime commercial location in midtown, Ruidoso. Property includes a 2-bedroom chalet that generates extra income as a short-term rental. The former wine bar can be taken over as it was once was, or easily repurposed into another rental, commercial rental space, permanent residence, or a different business (retail shop, coffee shop, bakery, dispensary, etc). Covered parking spots in the back, a steadily flow of foot traffic, a natural spring in the backyard, two wood-burning fireplaces, historical accents & an expansive outdoor patio are just a few of the many perks that make Tall Pines one of Ruidoso's most unique and versatile properties. This is a rare opportunity to own a coveted commercial property in the heart of a thriving tourist town.

2213 Sudderth Dr, Ruidoso
$430,000
133541 MLS
Positioned along one of Ruidoso's most traveled corridors, 1042 Mechem Drive offers exceptional visibility, easy access, and a versatile layout suited for a wide range of businesses. This well‑located commercial space sits in the heart of Ruidoso's thriving northside commercial district, surrounded by established retailers, restaurants, lodging, and year‑round tourist activity. Ample on-site parking for customers and staff. 3,060 sq ft of flexible interior layout ideal for retail, office, boutique services, or a specialty shop. Live/work situation with living space downstairs with full kitchen, one bedroom and full bath.

1042 Mechem Dr Unit 1, Ruidoso
$549,500
133528 MLS
PRIME COMMERCIAL OPPORTUNITY ON SUDDERTH! Excellent opportunity for office, retail, studio or mixed-use development. High traffic with level access situated on approx 0.30 acre & near midtown. Approx. 2,687 sq. ft of C-2 Commercial building with great visibility. Interior amenities include two fireplaces, central heating/air conditioning, security cameras (interior & exterior) & an alarm system.The property features ample parking. The three exterior-access doors allow the interior to be easily divided for multiple tenants/business concepts. Vacant land to the East offers opportunity for expansion or a drive through (Buyer to verify). Wrap around covered front patio walkway & artificial turf out front. Spacious dance studio in the back. Access from Sudderth Dr., S. Vine Rd and Carters

1309 Sudderth Dr, Ruidoso
$524,900
133430 MLS
Turnkey RV Parts parts & supply business: This offering is available as a turnkey business, real estate, & inventory package, OR real estate only, providing multiple acquisition pathways and long-term upside. This is the only RV parts & supply property in the immediate area. The 3,134 SF building supports retail, warehousing, & service uses and benefits from approximately +/-479 feet of US 70 highway frontage in Ruidoso Downs, NM, offering strong visibility and access on a 0.55 acre commercially zoned lot. Located near Ruidoso, Lincoln National Forest, and year-round tourism drivers with 20+ RV parks within approximately 60 miles. The flexible layout allows potential division into two suites for owner-user occupancy with supplemental rental income. Seller is motivated-- bring offer.

26324 Us Hwy 70, Ruidoso Downs
$2,700,000
130449 MLS
A mountain of opportunity awaits you with this amazing property! Approximately 24 Acres Adjacent to National Forest within Ruidoso Village Limits, PUD-Zoned, with 2 wells, 1 septic, but also connected to Village water, natural gas, and electric with Village sewer available. Amazing Sierra Blanca mountain and Grindstone Lake views from the top of the property. Level areas and uphill slopes with level mesas throughout the property. Currently operating as Grindstone Stables, which can be purchased/negotiated separately. Hay barn and outbuildings/fencing may remain if desired, as well as a 3/2 Manufactured Home (2001 Champion). Showings by appointment only.

523 Resort Dr, Ruidoso
$689,000
130526 MLS
Prime MID-TOWN Location!!! 1600 Sq Ft Zoned C3 Commercial - Warm and welcoming with great natural light and high ceilings. Big street front windows perfect for displaying merchandise. Central Heat & A/C. Multiple possibilities for retail, gallery or restaurant. Private office and Storage. Owner/Broker.

2313 Sudderth Dr, Ruidoso
$1,595,000
133393 MLS
A prime commercial property located on highly traveled Sudderth Drive in Ruidoso, NM with the best parking! This versatile building offers over 11,000 sq. ft. of useable space, providing excellent frontage and visibility. Property includes plenty of parking, a metal roof and AMAZING Sierra Blanca Views! Main level contains large, open retail space with dressing rooms , 2 offices, break room/ kitchen and a half bath, several large storage closets, and a workshop area. Downstairs could be opened up for 1 large space and has a large fireplace, roll up garage door, and a separate entrance. Lots of storage space and restrooms. Metal roof and a covered parking space in the back. BRING OFFERS! CALL FOR AN APPOINTMENT TODAY!

2716 Sudderth Dr, Ruidoso