Ruidoso Coffee Shop/Tavern/Retail

Retail-Commercial for Sale
Catylist Listing ID: 30258153
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 3,007 SF
Gross Land Area: 0.74 Acres
Sale Price: $800,000
Unit Price: $266.05 PSF
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User, Business
Building Name: VIVA! Ruidoso!
Usable Size (USF): 3,507 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/6/2018

Overview / Comments

VIVA! Ruidoso is likely the oldest functional and occupied commercial property on Ruidoso, New Mexico's Uptown Retail corridor. The historic charm of the former Wingfield Homestead has been rejuvenated as a coffee and ice cream shop, book exchange and lounge. Possibilities for the small business entrepreneur are abundant as a deli, wine and craft brew tavern, retail store, event center, museum, or gift shop with some of the most abundant parking on the strip. Recent improvements include a two car garage, recently replaced metal roof, Central heat and refrigerated A/C, lighting and power upgrades yet retaining the original Olde Towne ambiance. Property features an enclosed sun room for indoor out door parade and event observation , a cozy entry patio and stunning enclosed outdoor patio for food service, music and enjoying the mountain lifestyle. Possible business on the main floor and living upstairs with two loft bedrooms/offices and restroom. Also main floor restroom and storage which was once a food service kitchen that may be able to be re-converted. Property may qualify for local and state rural economic development incentives.

Additional Details

Nearest MSA: Ruidoso
County: Lincoln
Taxing Authority: Lincoln County
Tax ID/APN: 4071065359026
Zoning: C-3
Retail Clientele: Family, Business, Traveler, Tourist, Recreation
Property Located Between: Sudderth Drive and Mechem
Property Visibility: Excellent
Largest Nearby Street: Sudderth Drive
Feet of Frontage: 150
Airports: Ruidoso Municipal
Site Description: mostly level, gravel parking on almost 2 acres, some of the most abundant dedicated parking in the area.
Area Description: Ruidoso, NM is a seasonal tourist mountain town featuring skiing and winter sports, tribal casinos, outdoor recreation and summer horse racing.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 2,263 SF
Property Condition: Good
Year Built: 1900
Year Renovated: 2013
Roof Type: Gable
Construction/Siding: Stone, Stucco, Wood Frame
Exterior Description: NM territorial, homestead design built in 1900 character has remained
Total Parking Spaces: 30
Parking Ratio: 30.1 (per 1000 SF)
Parking Type: Surface
Parking Description: approximately 2 acres of mostly level , gravel parking with multiple ingress and egress points.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL, Satellite
Interior Description: hardwood floors, tile, stone fireplace, coffee bar, 2 restrooms main floor storage
Zoning Description: Commercial, area has retail, restaurant, gift shops, central business district
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: multiple ingress and egress points on main frontage and rear
Land Ownership: Fee Simple
Legal Description: Lot 43 House of Kelham-PP#31492

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,848 8,848
Median Age: 49.16 49.16
Households: 4,152 4,152
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.