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$ 519,500
Est. payment /mo
Active
503 Terrace Avenue Chama, NM 87520
4,430 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,430 sqft
Price per Sqft $117
MLS Listing ID 20257068
Year Built 1938
Annual Tax Amount $3,068
Tax Year 2025
Lot Size 4,430 Sqft
Lot Dimensions 6098
Property Sub-Type Retail
Property Description
The Cornerstone Shops – Historic Old Town Chama Opportunity awaits in the heart of historic Old Town Chama, NM with this versatile retail building, ideally located directly across from the world-famous Cumbres & Toltec Scenic Railroad station. Offering approximately 4,430 square feet, this property provides the perfect setting for retail, dining, or mixed-use ventures. Currently home to a fudge shop, coffee shop, and a retail space featuring outdoor gear and furniture, the building is well-suited for multiple business opportunities. A unique bonus is the upstairs 2-bedroom, 1-bath apartment, making this a fantastic live/work opportunity. Recent improvements include a new roof, new windows, electrical upgrades, fresh paint, and new stucco, giving the property both curb appeal and peace of mind. The building also offers private alley access with a gated entrance, ensuring convenience and security. This listing is priced for the building only, with inventory and equipment available for purchase separately—giving buyers flexibility to step right into a thriving business or create their own vision. With its prime location, historic charm, and versatile spaces, The Cornerstone Shops is a rare find in one of northern New Mexico's most visited destinations.
Location
State NM
County Rio Arriba County
Area New Mexico Mls
Rooms
Other Rooms 3
Interior
Inclusions Building, Other
Exterior
Utilities Available Electricity, Natural Gas, Sewer, Water-City, Phone
Roof Type Propanel
Building
Structure Type Frame,Stucco
Others
SqFt Source County Records
Listed by UNITED COUNTRY - NORTHERN NEW MEXICO REAL ESTATE
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