About This Home

This 0-bedroom, 0-bathroom commercial at 1018 State Rd 17 in Chama, NM is listed for $795,000 ($179 per sqft). Built in 1980, the home offers 4,450 sqft of living space on a 1.27 acres lot.

Key Features

  • Built in 1980
  • 1.27 acre lot

Property Details

1980
Listing Description

This distinguished investment opportunity is in a highly sought-after location in Chama, NM. This property combines strategic positioning, robust income potential, and compelling market dynamics. It represents not just an investment in real estate, but a stake in the community's growth and prosperity.

This remarkable property boasts over 4,450 square feet of versatile space, thoughtfully designed to accommodate a range of commercial uses, including continuing the current leasing income, shifting to a higher use of breakfast, lunch and dinner service, dance hall, reception hall, community events, etc.

Sitting on a fully usable 1.27 acres of prime land, it offers expansive outdoor areas for additional development, parking, or landscaping, enhancing the overall value and appeal of the investment. Versatile Space: With over 4,450 INTERIOR AND OVER 1,000 SQ.

FT. of outdoor seating and adaptable space, the property is ideal for a variety of commercial endeavors, from retail and office spaces to specialty services, providing a flexible foundation for growth and innovation. The building has had extensive improvements including updated kitchen and trade fixtures, newly remodeled dining hall, bar and seating area, new exterior, and an updated outdoor dining area.

Please ask for a list of all upgrades to the property. Expansive Lot: The 1.27-acre lot not only affords ample parking and accessibility but also presents significant opportunities for expansion or redevelopment, allowing investors to maximize their ROI through strategic enhancements or additional constructions.

Strong Market Dynamics: The property benefits from its location in a thriving seasonal market, characterized by high demand, limited supply, and favorable tourism trends, promising sustained appreciation and rental income growth.

Monthly Cost Estimate

$4,252/mo

20% down · 6.5% · 30 years

Principal$575
Interest$3,445
Insurance$232

Estimates only. Actual payments may vary.

Location

1018 State Rd 17

Chama, NM 87520

Property Details

Flooring

TileWood

Construction

Frame

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1018 State Rd 17 is listed at $795,000 ($179/sqft). The estimated monthly payment is $4,252 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1980, 1.27 acre lot.

This property is listed by John Gillam and can be reached at (970) 759-0763.

JG

John Gillam

License ER40024714

Agent at EXIT Realty Home & Ranch

(970) 759-0763

Listed by EXIT Realty Home & Ranch · Broker phone: (970) 759-0763 · View on Broker Site

MLS# 202603686· Source: Santa Fe Association of REALTORS®, Inc.· 43 days on PropertySimple

Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1018 State Rd 17, Chama, NM 87520

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