503 Terrace AVE Active Save Request In-Person Tour Request Virtual Tour
Chama,NM 87520
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202503846
HOA Y/N No
Year Built 1938
Annual Tax Amount $3,068
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Retail
Property Description
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.
Location
State NM
County Rio Arriba
Interior
Fireplace No
Exterior
Parking Features On Street
Utilities Available Electricity Available
Water Access Desc Public
Present Use Other,Retail
Private Pool No
Building
Water Public
Others
Tax ID R008833
Acceptable Financing Cash,New Loan,Owner Will Carry,Other,See Remarks
Listing Terms Cash,New Loan,Owner Will Carry,Other,See Remarks
Special Listing Condition Standard
Virtual Tour https://id.land/maps/a9d2712c551b78ce6b5cfcd1db113c01/share