Real Estate For Sale in...

393 S. Terrace Avenue, Chama, NM 87520

Commercial Property MLS# 201603872 ID: 40311576
$999,000 Get Rates

Multi/Mixed Use - Chama, NM
Historic Chama landmark....The Fosters Hotel Restaurant & Bar is the oldest structure in the Village of Chama. Built in 1881, this charming adobe building includes a hotel operation with 8 existing rooms & the possibility with renovation of 14 additional rooms. There is a restaurant which seats up to 30 patrons. The historic bar is a popular watering hole and tourist attraction, the bar itself is from the late 1800's. This establishment comes with a New Mexico liquor license. Furnishings, fixtures, linens & most inventory is included. There are 3 rental apartments; 2 efficiency & 1 two bedroom apartment. There is a free standing commercial rental that is currently used a a beauty salon. Rentals are fully occupied for additional income. This facility also comes with a conference room that can handle up to 175 people for specialty events. Located across the street from the historic Cumbres & Toltec Scenic Railroad. This facility has outdoor seating and an outdoor balcony for patrons to enjoy views of the railroad yard. This is an excellent location to take advantage of the tourist traffic associated with the railroad and other activities offered by this quaint northern NM mountain village. Imagine owning a piece of the history of the west this would be a great property to own, live in, and enjoy sharing with like minded history buffs. This is a once in a life time opportunity come and take a look at this unique and very special property. You'll be glad you did.

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Location Information near 393 S. Terrace Avenue
Offered by Robert Delahunt at RE/MAX Professionals Plus-Cham

Would you like more information regarding this property?
Please call (575) 756-1678.

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Property Features for 393 S. Terrace Avenue
Market Status
Last Updated
May 18, 2018
Property Type
Commercial Property
Year Built
Approx. Lot Size
0.40 Acres
Sq. Feet

Building Features

  • Roof: Corrugated Metal

Exterior Features

  • Exterior Construction: Adobe
  • Parking: Paved or Surfaced

Interior Features

  • Floors: Carpet; Tile

Listing Features

  • Property Type: Commercial; Multi/Mixed Use
  • Robert Delahunt
  • RE/MAX Professionals Plus-Cham

Data Provided by:
Santa Fe Association of REALTORS, Inc.

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More information about this $999,000 Commercial Property at 393 S. Terrace Avenue

This $999,000 Commercial Property at 393 S. Terrace Avenue in Chama, NM is presented by Robert Delahunt. This $999,000 Commercial Property, located in the 87520 zip code, has the following property features: Parking, Roof, Floors, Property Type. This 393 S. Terrace Avenue Commercial Property, located in Rio Arriba County , is listed under MLS listing number 201603872 and has a listing price of $999,000. You can find more CHAMA homes for sale here.