567 Terrace Avenue Chama, NM 87520

Listing agency United Country Northern New Mexico Real Estate

Listed by Melissa Clark · License #19438

Source Crexi

Added: May 6 Updated: Jul 21 at 3:22AM Checked: Jul 21 at 3:22AM

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Investment Insights

Based on property information with market context.

This live-work space is currently operated as a boutique and a short-term vacation rental. The downstairs level features a storefront area with a bathroom/dressing room, with the shop expanding to a spacious covered porch and a courtyard with flower gardens. The upstairs living space has a separate entrance for private access and was renovated within the past five years, offering two bedrooms, a 3/4 bath and 1/2 bath, along with a custom kitchen and living/dining area overlooking downtown Chama.

The seller indicates the business may be transitioned to a new owner with Village of Chama approval to continue operations. Inventory and fixtures may be available on a separate bill of sale.

The property configuration supports both retail-style front space and separate private living access, with outdoor gathering and expansion space connected to the downstairs shop area.

Key Highlights

• Live‑work layout with downstairs storefront and an upstairs residence with a separate entrance for private access
• Currently operated as a boutique and short‑term vacation rental with proven income; continuation requires Village of Chama approval
• Upstairs renovated within the past 5 years: 2 bedrooms, 3/4 bath and 1/2 bath, custom kitchen, and living/dining area

Property Analytics

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FAQs

What type of property is this?

Live-work space - Live-work property with a downstairs storefront and an independently accessed upstairs residence recently renovated within five years.

Where is this live-work space located?

The property is located at 567 Terrace Avenue Chama, NM.

What is the asking price?

The asking price for this property is $569,000.

What are key features of this property?

This property features: Live‑work layout with downstairs storefront and an upstairs residence with a separate entrance for private access; Currently operated as a boutique and short‑term vacation rental with proven income; continuation requires Village of Chama approval; Upstairs renovated within the past 5 years: 2 bedrooms, 3/4 bath and 1/2 bath, custom kitchen, and living/dining area