$2,500,000

106 Granite Drive, Ruidoso NM, 88345

Price per sqft$174.39

Built in1982

Property size14,336 sqft

Property typeCommercial

Overview

Active

Listed Jun 29, 2025

Updated 2 weeks ago

Exceptional investment opportunity: 12 fully leased condominiums with approved potential to develop 13 additional units- totaling 25. Strong rental income in place and room for future growth. Prime location- close to businesses and attractions.Each unit has 2 levels: Main level- kitchen, dining, living area, fireplace, 1/2 bath with deck. Lower Level- 2 Bedrooms, 1 full bath + 1/2 bath.

Additional information

MLS^® ID: 132852

Interior Features

Bathrooms: 36
Fireplace: Yes
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 2.27 Acres

Other Property Details

Taxes: $5,755
Tax Frequency: Annually
View: Yes

Listed by James Russ with REMAX Sierra Blanca Realty
Listing Contact: (575) 937-2756

The IDX display contains information sourced from the Ruidoso/Lincoln County Association of REALTORS® as of 9/1/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 9/1/2026 at 4:58 AM UTC