± 4 Acres of Highly Visible Land @ US 70 & Sudderth, Ruidoso, NM

Vacant Land for Sale
Catylist Listing ID: 17442346
Property Subtypes: Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 4.17 Acres
Sale Price: $1,700,000
Unit Price: $407,673 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Build-to-Suit, Sale/Leaseback, Other
Cap Rate: Undisclosed
Last Updated: 9/20/2021

Overview / Comments

Located at the only major intersection in Ruidoso, the subject property is strategically situated at the epicenter of the major activity generators in Ruidoso. The Inn of the Mountain Gods and Casino is located approximately 5.5 miles west on US 70, the Downs at Ruidoso and Wal-Mart Supercenter are located just to the east on US 70,and downtown and Ski Apache are located to the north on Sudderth. All traffic in and out of Ruidoso passes this site. The current owners have worked with NMDOT to create a new traffic management plan to solve the issue of access to Gavilan Canyon Road and to re-build the intersection of US 70 and Sudderth by using a roundabout. While the conceptual plan has been approved by the District Engineer, the project is awaiting funding. A grading plan to accommodate a multi-story hotel or office project on the upper level of the site and a retail or restaurant use on the lower portion has been created that balances the cut and fill required to maximize the efficiency of the site. With C-2 zoning, the site allows for a multitude of uses. All utilities are to the site. A curb cut permit from NMDOT will require a traffic study of the intended uses if same is required prior to the construction of the roundabout.

Utilities: Water, Sewer, Gas and Roads
Plat Map: Enclosed Survey: Enclosed
Zoning: C-2
Environmental Report/Title Policy: Upon Request.

Price: $15.00/SF - Tract 2A - 1.106 Acres
$ 8.00/SF - Tract 3A - 3.056 Acres
Traffic Counts:
US Highway 70: ± 7,229 cars per day
Sudderth: ±15,613 cars per day

Demographics August 2009

1 Mile 5 Miles 10 Miles

Population: 1,279 13,457 17,442
Households 579 5,649 7,140
Avg. HHI $53,521 $57,480 $59,461

Additional Details

Nearest MSA: Ruidoso
County: Lincoln
Zoning: C-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,059 4,718 11,561
Median Age: 42.75 42.38 46.41
Households: 469 2,000 5,239

Contact

Photograph of Listing Agent

David Silverman

Geltmore Real Estate Advisory Team, LLC
CARNM CIE Member
Photograph of Listing Agent

Paul Silverman

Geltmore, LLC
CARNM CIE Member
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