Chama, NM 87520,503 Terrace Avenue
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Chama, NM 87520,503 Terrace Avenue
Chama, NM 87520,503 Terrace Avenue
Chama, NM 87520,503 Terrace Avenue
Chama, NM 87520,503 Terrace Avenue
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503 Terrace Avenue Chama, NM 87520

4,430 SqFt


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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
United Realty

United Realty

Brokerage | License ID: 09099

+1(575) 631-9443

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503 Terrace Avenue