3658 Ice Caves Rd, Ramah, NM 87321 For Sale

Located in the scenic El Morro Valley within the Ramah Navajo region of western New Mexico, this ±4,998 SF commercially zoned property on ±3.1 acres presents a rare turn-key hospitality, restaurant, and outdoor recreation investment opportunity along Highway 53 / Ice Caves Road (±1,082 VPD) with excellent frontage, a dedicated turn lane, and ample on-site parking. The property is currently operating as a proven bed & breakfast retreat business with established website, booking system, and social media presence, and is being offered with all FF&E including pizza oven, refrigeration, tables, chairs, bar equipment, and restaurant furnishings. The main building features a restaurant and bar area with a small performance stage, creating an ideal setting for live music, community events, and destination dining, while a large conference room with shower and front balcony access overlooking the valley provides additional flexibility and could easily be converted into a second lodging suite or private event space. A separate owner suite / Airbnb with updated kitchen, living room, bedroom, and private balcony offers on-site living or additional rental income. Outdoor amenities include 3 RV sites with water and electricity hookups, BBQ and picnic areas, horse stables, and a multi-purpose shop space suited for woodworking, equipment maintenance, or storage, allowing for a wide range of operational uses. The property also benefits from reliable internet and cell service, full water, sewer, propane, and electric utilities, and is located in a remarkable dark-sky environment known for exceptional stargazing, making it highly attractive for retreats and tourism. Positioned adjacent to Cibola National Forest within Game Management Unit 12, the property offers significant upside through outdoor recreation and hunting tourism, including opportunities to host elk, mule deer, bear, and turkey hunting groups, with potential guided hunt packages generating substantial seasonal revenue. With 5-mile demographics including ±816 residents, average household income of $88,460, and ±286 daytime employees, combined with steady tourism traffic visiting nearby El Morro National Monument and the Ice Caves & Bandera Volcano, this offering presents a unique opportunity to acquire an established hospitality destination with multiple income streams and expansion potential in one of New Mexico’s most scenic and recreation-rich regions.