United Country N New Mexico RE

503 Terrace Avenue, Chama, NM

$524,900

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4,430

Square feet

0.14

Acres

About 503 Terrace Avenue

The Cornerstone Shops – 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.

Features of 503 Terrace Avenue

MLS® # 202503846
Price $524,900
Bathrooms 0.00
Total Square Footage 4,430
Main Square Footage 4,430
Acres 0.14
Year Built 1938
Type Commercial Sale
Sub-Type Retail
Status Active

Community Information

Address 503 Terrace Avenue
Area 41-Chama
City Chama
County Rio Arriba
State NM
Zip Code 87520

Amenities

Utilities Electricity Available
Parking On Street
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Exterior Frame
Construction Frame

Additional Information

Date Listed August 20th, 2025
Days on Market 51
Short Sale No
RE / Bank Owned No

Listing Details

AgentChristopher Dennison
OfficeUnited Country N New Mexico RE

Listing Map

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