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    17 Hwy Chama, NM 87520

    For Sale
    $350,000

    Prime Downtown Chama Location, High Potential

    Property size:
    1,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional mixed-use property, situated in the heart of Chama, New Mexico, presents a unique investment opportunity. Boasting 1,800 square feet of space on a 0.75-acre corner lot, this property offers unparalleled visibility and accessibility. Its strategic location directly adjacent to the renowned Cumbres and Toltec Scenic Railroad ensures high foot traffic and exposure to a steady stream of tourists and locals alike. The versatile nature of the property allows for a multitude of uses, making it ideal for entrepreneurs seeking a thriving business environment. The building's existing structure provides a solid foundation for immediate occupancy or renovation to suit specific business needs. The ample space and prime location offer significant potential for growth and profitability. This is a rare chance to acquire a commercial property in a desirable location with strong potential for return on investment. The property's proximity to the railroad provides a unique marketing advantage, attracting visitors and creating a vibrant atmosphere. This is an exceptional opportunity to establish a successful business in a picturesque and growing community. The 0.75-acre lot offers potential for expansion or future development. Don't miss this chance to own a piece of Chama's vibrant downtown. Serious inquiries only.

    Property Features for 17 Hwy

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,800 SF
    Lot Size
    32,670 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Chama
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.5678
    Latitude
    36.8957

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Downtown Chama Location, High Potential
    Where is this mixed-use property located?
    The property is located at 17 Hwy Chama, NM.
    What is the asking price?
    The asking price for this property is $350,000.
    (575) 756-1351
    Request Owner's contact information
    17 Hwy Chama, NM 87520
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    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
    17 Hwy Chama, NM 87520
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