Sold

Closed

501 Terrace Avenue

Chama NM, 87520

Price upon request


Sold

Closed

8,000 sqft

Commercial

Built in 1939

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)

202341372

MLS ID

October 13, 2023

Listed

September 13, 2024

Updated

Map

501 Terrace Avenue
Chama NM, 87520

Interior Features

Floor Description

Carpet, Tile, Wood


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.12 Acres


Roof

Metal, Pitched


Sewer

Public Sewer

Other Property Details

Days on Market

15


Garage

No


Parking

Paved, Parking Available, On Street


View

No


County

Rio Arriba


Water Source

Public


Pool

No

Listing History

Date

Event

Price

11/29/2023

Price change

$475,000

-18%

11/29/2023

Sold

11/1/2023

Pending

Listed by Emery Maez with The Maez Group
Listing Contact: (505) 469-0546 

The IDX display contains information sourced from the Santa Fe Association of REALTORS® as of 9/13/2024. 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 9/13/2024 at 4:45 PM UTC

 

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