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    503 Ter Ave Chama, NM 87520

    For Sale
    $519,500

    SINGLE_FAMILY - Chama, NM

    Type:Retail
    Property size:
    4,430 SF
    Lot size:
    0.14 Acres
    Days on Market:
    53
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 503 Ter Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Active
    APN
    R008833
    Parking features
    On Street
    Size
    4,430 SF
    Lot size
    0.14 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    1938
    Building materials
    Frame

    United Country N New Mexico RE (575) 756-2196

    Listing agent Christopher Dennison (303) 956-0468 License #54733

    Listing date Oct 14, 2025

    Copyright © 2025 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Old Town Retail Opportunity

    Located in the heart of historic Old Town Chama, New Mexico, directly across from the Cumbres & Toltec Scenic Railroad station, this retail building offers approximately 4,430 square feet of space suitable for retail, dining, or mixed-use ventures. The property currently houses a fudge shop, coffee shop, and a retail space featuring outdoor gear and furniture, presenting multiple business opportunities. A unique feature is the upstairs 2-bedroom, 1-bath apartment, creating a live/work opportunity. Recent improvements include a new roof, new windows, electrical upgrades, fresh paint, and new stucco. The building also offers private alley access with a gated entrance. Situated on a 0.14-acre lot, this property is located in Rio Arriba County. The building is priced separately from the inventory and equipment, which are available for purchase, offering flexibility for buyers to continue existing businesses or establish new ventures. This property is located at 503 Terrace Avenue, Chama, NM 87520.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Chama
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.5796
    Latitude
    36.9026

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    FAQs

    What type of property is this?
    Retail space - Versatile retail building in historic Old Town Chama, New Mexico.
    Where is this retail space located?
    The property is located at 503 Ter Ave Chama, NM.
    What is the asking price?
    The asking price for this property is $519,500.
    What are key features of this property?
    This property features: - Prime location directly across from the Cumbres & Toltec Scenic Railroad station in historic Old Town Chama.; - Versatile 4,430 sq ft building suitable for retail, dining, or mixed-use ventures.; - Includes a 2-bedroom, 1-bath upstairs apartment, offering a live/work opportunity.
    (303) 956-0468
    Request Owner's contact information
    503 Ter Ave Chama, NM 87520
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    503 Ter Ave Chama, NM 87520
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