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$795,000
Est. payment /mo
1.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202603686
HOA Y/N No
Year Built 1980
Lot Size 1.270 Acres
Acres 1.27
Property Sub-Type Business
Property 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.
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.
Location
State NM
County Rio Arriba
Zoning Other
Interior
Flooring Tile, Wood
Fireplace No
Exterior
Parking Features Parking Available
Utilities Available Electricity Available
Water Access Desc Public
Roof Type Metal
Present Use Restaurant
Private Pool No
Building
Water Public
Others
Tax ID 1-017-184-257-114
Security Features Surveillance System
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by John Gillam • EXIT Realty Home & Ranch
NEARBY SCHOOL & BUSINESS
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Maya Hiersoux
Broker Associate | License ID: 54287
Broker Associate License ID: 54287