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1018 State Rd 17

Chama, NM 87520
  • $1,195,000
  • STATUS: Active
  • ON SITE: 40 Days
  • MLS #: 202401328
$1,195,000
  • 0
    BEDS
  • 1.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,450
    SQFT
  • $269
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1980
County:
Area:

School Ratings & Info

Description

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.

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Santa Fe Association of Realtors logo © 2024 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Berkshire Hathaway HomeServices Santa Fe Real Estate are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-05-26T22:51:45.76.
www.propertiesofsantafe.com/homes/149175662
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1018 State Rd 17 Chama, NM 87520

  • Price: $1,195,000
  • Status: Active
  • On Site: 40 Days
  • MLS #: 202401328
0
Beds
0
Baths
0
½ Baths
1.27
Acres
4,450
SQFT
$269
$/SQFT
1980
Built
Neighborhood:
41-Chama
County:
Rio Arriba
Area:
41-Chama
Property Description
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.
Exterior Features

Construction Materials Frame Garage YN No Parking Features Parking Available Roof Metal

Interior Features

Basement YN No Fireplace YN No Flooring Tile Wood

Property Features

Building Features Floor Drains Kitchen Facilities Public Restrooms Business Type Restaurant Lease Considered YN No Listing Terms Cash Conventional Possible Use Restaurant Retail Property Sub Type Business Property Sub Type Additional Business Sale Or Lease Indicator For Sale Utilities Electricity Available Water Source Public Zoning Other Zoning Description Commercial

Santa Fe Association of Realtors logo Listing provided courtesy of John Gillam of EXIT Realty Home & Ranch: (970) 759-0763. © 2024 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.


Santa Fe Association of Realtors logo © 2024 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Berkshire Hathaway HomeServices Santa Fe Real Estate are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-05-26T22:51:45.76.
 
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Berkshire Hathaway HomeServices Santa Fe Real Estate
123 E. Marcy St., Suite 101
Santa Fe NM, 87501