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    Historic Old Town Retail Opportunity

    503 Terrace Avenue Chama, NM 87520

    Claim this Listing
    For Sale
    $519,500

    SINGLE_FAMILY - Chama, NM

    Type:Retail
    Property size:
    4,430 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $117/SF
    Added:
    Aug 20, 2025
    Days on Market:
    327
    Last Refresh:
    Jul 12 at 7:06 am

    Property Features for 503 Terrace Avenue

    General Information

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

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Subd: Original Townsite Of Chama Block: 2 Lot: 11 And: Lot: 12 Tract: Part , S: 14 T: 31 N R: 03 E 0.14 Ac Bk 190 Pg 528, 970108 Bk 228 Pg 161, 981001 Bk 399 Pg 12, 6 26 02, Bk.437 Pg.461 000231184 032103, Bk 158 Pg 37 Bk 170 Pg 563 564 Bk 113 Pg 431
    Tax Annual Amount
    3068

    Utilities

    Water source
    Public

    Building Details

    Year built
    1938
    Building materials
    Frame

    Listing agent Christopher Dennison License #54733

    Listing office United Country N New Mexico RE PO Box 245, Chama, NM

    Listing date Aug 20, 2025

    MLS# 202503846

    Copyright © 2026 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.

    Investment Insights

    Based on property information with market context.

    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.

    Key Highlights

    • 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.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Electrical Service Auto Parts Store Garden Center Dental Office Big Box & Wholesale Store Veterinary Clinic Hair Salon (Bike/Boat/Book/etc) Store Fish Market Bakery

    Zoning and permitted uses should be independently verified with local authorities.

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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 Terrace Avenue 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.
    Contact an agent
    (303) 956-0468
    We can help!
    Contact an agent
    Christopher Dennison
    Real Estate License ID: 54733
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