1018 Nm-17 Chama, NM 87520
This exceptional 4,450-square-foot restaurant in Chama, New Mexico, presents a unique investment opportunity. Located at 1018 NM-17, this single-story building sits on a 1.27-acre lot and boasts a 100% occupancy rate. Completely renovated in 2023, the property features upgraded exteriors, interiors, bathrooms, plumbing, and electrical systems. The well-maintained kitchen is equipped with newer or well-cared-for appliances, ready for immediate use. The property includes a full liquor license, making it ideal for a restaurant, bar, or even a dance hall. Its strategic location next to a Cumbres Narrow Gauge Train stop ensures high visibility and convenient access from Highway 17, attracting both local and tourist clientele. Ample parking accommodates large crowds. The property is zoned for restaurant and bar use and offers versatility for various events and catering opportunities. This turnkey operation is perfect for an owner-user seeking a thriving business in a prime Northern New Mexico location. The asking price is $995,000, with a price per square foot of $223.60. The property's APN is 1-017-184-257-114. This is a chance to own a successful, established business with significant growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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