Overview

  • Updated On:
  • August 22, 2025
  • 4,430.00 ft2
  • acre symbol
  • 14 acres

The Cornerstone Shops – Historic Old Town Chama

$ 524,900
503 Terrace Ave, ,
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Description

Historic Old Town Chama Opportunity awaits in the heart of historic Old Town Chama, NM with this versatile retail building, ideally located directly across from the world-famous Cumbres & Toltec Scenic Railroad station. Offering approximately 4,430 square feet, this property provides the perfect setting for retail, dining, or mixed-use ventures. Currently home to a fudge shop, coffee shop, and a retail space featuring outdoor gear and furniture, the building is well-suited for multiple business opportunities. A unique bonus is the upstairs 2-bedroom, 1-bath apartment, making this a fantastic live/work opportunity. Recent improvements include a new roof, new windows, electrical upgrades, fresh paint, and new stucco, giving the property both curb appeal and peace of mind. The building also offers private alley access with a gated entrance, ensuring convenience and security. This listing is priced for the building only, with inventory and equipment available for purchase separately—giving buyers flexibility to step right into a thriving business or create their own vision. With its prime location, historic charm, and versatile spaces, The Cornerstone Shops is a rare find in one of northern New Mexico’s most visited destinations.

PROPERTY FEATURES:

Retail Business

Old Town Chama

Cumbres and Toltec

Owner Financing

Businesses for Sale

Commercial Property

Historic Property

Investment & Income

Owner Financing

Address: 503 Terrace Ave
City:
State/County:
Zip: 87520
Country: United States
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Property Id : 490895
Price: $ 524,900
Property Size: 4,430.00 ft2
County: Rio Arriba County
Lot Size (AC): 14.00000
Year Built: BasicDetails1/YearBuilt1}
Listing ID: 30014-043890
Office ID: 4000
Listing Address: 503 Terrace Avenue, Chama, New Mexico, 87520, United States

Chris Dennison

Northern New Mexico Real Estate
Call Office(575) 756-2196
Call Mobile(303) 956-0468

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Chris Dennison