Chama, NM 87520,501 Terrace AVE
Chama, NM 87520,501 Terrace AVE
Chama, NM 87520,501 Terrace AVE
$575,000
Est. payment /mo
Est.Price: ?

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5,227 Sqft Lot
SOLD DATE : 11/28/2023

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 202341372

Sold Date 11/28/23

HOA Y/N No

Year Built 1939

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Retail

Property Description

BACK ON THE MARKET. A chance to own a thriving business in historic Chama, New Mexico, can become your reality. The centrally located, Boutique Hotel, currently has 18 rooms, an ice cream parlor, and restaurant, offering table dining and in house room service. The possibilities are endless, due to the space available in the building itself. Live, work and expand your business, while enjoying the many guests that come to experience all that Chama has to offer, besides the train, like cross country skiing, snow shoeing, snowmobiling, to include hunting and fishing. Located across the main Chama landmark, besides the beautiful mountain ranges, is the Cumbres Toltec Railroad Depot. From the covered porch or upstairs balcony, watch the happy faces as tourists and locals anticipate their journey and return back to the depot, and listen to the sounds and watch the train begin and return from its journey. Although the original integrity of this historic building has been maintained, many rooms have been recently upgraded, as the building is still evolving. A new roof was recently completed. A vision, good old fashion, work ethics, and a service minded family or individuals, can make this business even more profitable. Owner financing is an option, to a qualified buyer. Now is your chance to make a business dream a reality. (MORE PICTURES TO COME)

Location

State NM

County Rio Arriba

Interior

Flooring Carpet, Tile, Wood

Fireplace No

Exterior

Parking Features Paved, Parking Available, On Street

Utilities Available High Speed Internet Available, Electricity Available

Water Access Desc Public

Roof Type Metal,Pitched

Present Use Other,Retail

Building

Foundation Basement

Sewer Public Sewer

Water Public

Others

Tax ID 1-017-184-295345

Acceptable Financing Cash, New Loan, Owner Will Carry

Listing Terms Cash, New Loan, Owner Will Carry

Financing Cash

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Santa Fe MLS (SFARMLS)
Listed by Emery Maez • The Maez Group
Bought with Hunter D. Battle • United Country N New Mexico RE

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agent

Maya Hiersoux

+1(505) 479-0194

Broker Associate | License ID: 54287

Broker Associate License ID: 54287

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