VIDEO TOUR - SEARCH YOUTUBE FOR - "638 E THERMA" . . . . Four parcels at the corner of Therma and Teddy Bear in Eagle Nest NM, with direct Highway 64 frontage, this is one of the most visible pieces of land in the Enchanted Circle. Three of the parcels are right around half an acre each, well suited for smaller commercial builds, retail, or service businesses. The fourth parcel comes in just over 5.5 acres, giving you real room to work with if you have something bigger in mind. The general commercial zoning is flexible enough to allow residential construction too, so you could build a home on one lot while developing the others. That kind of flexibility is rare. Eagle Nest Lake is about a minute away. Red River and Angel Fire are both roughly a 20-minute drive, which puts you at the center of everything the Enchanted Circle has to offer. If you have been watching this market, you already know Eagle Nest is probably the last affordable resort town in northern New Mexico, and that window is not going to stay open forever.