EXIT Realty Home & Ranch

1018 State Rd 17, Chama, NM

$1,195,000

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4,450

Square feet

1.27

Acres

About 1018 State Rd 17

We are pleased to present a distinguished investment opportunity in a highly sought-after location. This offering memorandum outlines the details of a unique property that 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. Sitting on a sprawling 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.

Features of 1018 State Rd 17

MLS® # 202401328
Price $1,195,000
Bathrooms 0.00
Square Footage 4,450
Acres 1.27
Year Built 1980
Type Commercial Sale
Sub-Type Business
Status Active

Community Information

Address 1018 State Rd 17
Area 41-Chama
City Chama
County Rio Arriba
State NM
Zip Code 87520

Amenities

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

Interior

Interior Tile, Wood
Fireplace No
Has Basement No

Exterior

Exterior Frame
Roof Metal
Construction Frame

Additional Information

Date Listed April 8th, 2024
Days on Market 45
Zoning Other
Short Sale No
RE / Bank Owned No

Listing Details

AgentJohn Gillam
OfficeEXIT Realty Home & Ranch

Listing Map

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