1018 State Highway 17, Chama, NM

Name: 1018 State Highway 17, For Sale in Chama - Zoocasa
Brand: EXIT Realty Home & Ranch
SKU: 202603686
Price: 795000 USD

House

For Sale

Listed price in listed location currency (USD).

$795,000

000

MLS® 202603686

Overview

Key Facts

Type Business

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 17

Lot Size 1.27 Acres

Approx. Age 1980

MLS® Number 202603686

Property Address: 1018 State Highway 17, Chama, NM, 87520-0510

Average square foot calculated using Size range provided by listing agent.

Description

This distinguished investment opportunity is in a highly sought-after location in Chama, NM. This property combines strategic positioning, robust income potential, and compelling market dynamics. It represents not just an investment in real estate, but a stake in the community's growth and prosperity. This remarkable property boasts over 4, 450 square feet of versatile space, thoughtfully designed to accommodate a range of commercial uses, including continuing the current leasing income, shifting to a higher use of breakfast, lunch and dinner service, dance hall, reception hall, community events, etc. Sitting on a fully usable 1.27 acres of prime land, it offers expansive outdoor areas for additional development, parking, or landscaping, enhancing the overall value and appeal of the investment. Versatile Space: With over 4, 450 INTERIOR AND OVER 1, 000 SQ. FT. of outdoor seating and adaptable space, the property is ideal for a variety of commercial endeavors, from retail and office spaces to specialty services, providing a flexible foundation for growth and innovation. The building has had extensive improvements including updated kitchen and trade fixtures, newly remodeled dining hall, bar and seating area, new exterior, and an updated outdoor dining area. Please ask for a list of all upgrades to the property. Expansive Lot: The 1.27-acre lot not only affords ample parking and accessibility but also presents significant opportunities for expansion or redevelopment, allowing investors to maximize their ROI through strategic enhancements or additional constructions. Strong Market Dynamics: The property benefits from its location in a thriving seasonal market, characterized by high demand, limited supply, and favorable tourism trends, promising sustained appreciation and rental income growth.

MLS® Number202603686

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1980

Basement

DrivewayParking Available

Garage Spaces

Heat

A/C

Extras

Map

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