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About This Home
This 0-bedroom, 0-bathroom commercial at 503 Terrace Avenue in Chama, NM is listed for $519,500 ($117 per sqft). Built in 1938, the home offers 4,430 sqft of living space on a 0.14 acres lot.
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.
Key Features
- Built in 1938
- 0.14 acre lot
Property Details
Monthly Cost Estimate
$2,778/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
503 Terrace Avenue
Chama, NM 87520
Property Details
Construction
Parking
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 503 Terrace Avenue is listed at $519,500 ($117/sqft). The estimated monthly payment is $2,251 based on 20% down at 6.5% interest.
Key features include: Built in 1938, 0.14 acre lot.
This property is listed by Christopher Dennison and can be reached at 3039560468 or cdennison1965@gmail.com.
