Mixed-Use Building with
For Sale
$519,500
503 Terrace Avenue, Chama, NM 87520
Recently upgraded commercial property combining retail space, customer-oriented uses, and an upstairs residential component.
Property Size4,430 SF
Price / SF$117.27
Days on Market54
Property Features for 503 Terrace Avenue
General Information
Standard status
Active
Size
4,430 SF
Amenities
private alley access with gated entrance
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
United Country N New Mexico RE
(303) 956-0468
Listed By:
Christopher Dennison · License #54733
(303) 956-0468
Source:
Wesellsantafe
Added: Jul 9
Changed: Aug 30
Last Checked: Aug 31 at 5:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Country N New Mexico RE
Investment Insights
Based on property information with market context.
This approximately 4,430-square-foot mixed-use building accommodates several commercial formats, including a fudge shop, coffee shop, and retail space featuring outdoor gear and furniture. An upstairs two-bedroom, one-bath apartment adds a live-work component. Recent capital improvements include a new roof, replacement windows, electrical upgrades, fresh paint, and new stucco.
The property is located at 503 Terrace Avenue in Chama, New Mexico, directly across from the Cumbres & Toltec Scenic Railroad station. Private alley access with a gated entrance provides an additional point of entry. The existing combination of commercial areas and residential space supports continued mixed-use occupancy or a reconfigured business plan.
The property is located at 503 Terrace Avenue in Chama, New Mexico, directly across from the Cumbres & Toltec Scenic Railroad station. Private alley access with a gated entrance provides an additional point of entry. The existing combination of commercial areas and residential space supports continued mixed-use occupancy or a reconfigured business plan.
Key Highlights
- Approximately 4,430 square feet of mixed‑use commercial space
- Upstairs 2‑bedroom, 1‑bath apartment
- Currently accommodates a fudge shop, coffee shop, and retail space
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 87520, NM
1,448
Population
1,329
Households
1.1
Avg Household Size
52
Median Age
29%
College-Educated
83%
High-School Grad
259.1 sq mi
ZIP Area
6
Density / Sq Mi
$59,583
Median Household Income
$49,327
Median Earnings
$529
Median Rent
$207,200
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Recently upgraded commercial property combining retail space, customer-oriented uses, and an upstairs residential component.
Where is this mixed-use property 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: Approximately 4,430 square feet of mixed‑use commercial space; Upstairs 2‑bedroom, 1‑bath apartment; Currently accommodates a fudge shop, coffee shop, and retail space
