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Property profile & analytics
OFF-MARKET
Land

0 Us-84 Chama, NM 87520

2.93 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.93-acre commercial land parcel presents a remarkable investment opportunity in Chama, New Mexico. Strategically located on US-84 at 2483 Colin Rd, this property boasts significant highway frontage, ensuring high visibility and accessibility for any business. The C2 HCP zoning allows for a wide range of commercial uses, making it ideal for new ventures or relocation of existing businesses. The property includes a 495-square-foot studio apartment (16.6ft x 30ft) situated at the rear, currently occupied and connected to village utilities (gas, water, sewer, and electric). The availability of utilities for the vacant commercial land requires verification. This prime location is situated on the main highway running through Chama, near the intersection of highways 84 and 64, providing easy access to Pagosa Springs, Colorado. High traffic volume ensures excellent exposure. The property is conveniently located just south of the Lowes Chama Valley Grocery Store. This property offers unlimited potential for commercial development in a thriving area. The asking price is $230,000. The zip code is 87520, and the property is in Rio Arriba County.

Property profile
Verified
Property type Land
Lot 2.93 ac (127,631 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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