Active

1018 State Rd 17

Chama NM, 87520

$1,195,000


$268.54 per sqft

Active

4,450 sqft

Commercial

Built in 1980

We are pleased to present a distinguished investment opportunity in a highly sought-after location. This offering memorandum outlines the details of a unique property that 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. Sitting on a sprawling 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.

202401328

MLS ID

April 8, 2024

Listed

May 3, 2024

Updated

Map

1018 State Rd 17
Chama NM, 87520

Interior Features

Floor Description

Tile, Wood


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.27 Acres


Roof

Metal

Other Property Details

Days on Market

23


Garage

No


Parking

Parking Available


View

No


County

Rio Arriba


Water Source

Public


Pool

No


Zoning

Other


Buyer Agency Compensation

4%

Listed by John Gillam with EXIT Realty Home & Ranch
Listing Contact: (970) 759-0763 

The IDX display contains information sourced from the Santa Fe Association of REALTORS® as of 5/3/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Santa Fe Association of REALTORS® all rights reserved.

Data last updated on 5/3/2024 at 12:12 AM UTC

 

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