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    2317 Frontage Rd Chama, NM 87520

    For Sale
    $98,000

    High-potential commercial building, needs updating.

    Property size:
    1,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, situated at 2317 Frontage Road in Chama, New Mexico, presents a unique investment opportunity. The 1,200 square foot building sits on a 0.46-acre lot, offering ample space for various commercial ventures. Its strategic location directly behind the Chama Visitor Center, at the town's central "Y" intersection, ensures high visibility and accessibility. While the building is older and requires some renovations and tender loving care, its prime location makes it an attractive proposition for entrepreneurs seeking a well-positioned commercial space. The property's potential is undeniable, given its proximity to the visitor center, which draws significant tourist traffic. This translates to high foot traffic and potential for a thriving business. The 0.46-acre lot provides flexibility for expansion or outdoor amenities, further enhancing its appeal. This is a chance to acquire a well-situated commercial property in a vibrant community, ready for a revitalization and tailored to meet the needs of a diverse range of businesses. The asking price of $98,000 reflects the opportunity for significant return on investment after necessary improvements. Serious inquiries are encouraged to explore the possibilities this property offers.

    Property Features for 2317 Frontage Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,200 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1950
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chama
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.5852
    Latitude
    36.88392

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    FAQs

    What type of property is this?
    Commercial real estate - High-potential commercial building, needs updating.
    Where is this commercial real estate located?
    The property is located at 2317 Frontage Rd Chama, NM.
    What is the asking price?
    The asking price for this property is $98,000.
    (575) 756-1351
    Request Owner's contact information
    2317 Frontage Rd 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
    2317 Frontage Rd Chama, NM 87520
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