501 S Terrace Avenue
Chama, NM 87520

Description

16 bedrooms with private baths, 730 square foot of retail space, outdoor patio and balcony overlooking the train depot. This exceptional business opportunity has one of the best locations in Chama across from the Cumbres and Toltec Scenic Railroad. The hotel has a strong return customer base and marketing strategies in place that draw from many traveler segments. Unique features throughout the hotel include original woodwork and doors, craft tiles and hardwood floors. The retail space has been maximized to draw train enthusiasts and mountain tourists. This hotel has been operated by the same couple for 20 years and they are ready to retire. Currently priced below appraised value.

Details

MLS#201800010
Sub-TypeResale
StatusActive
Days On Site201

Features

SQ Feet8,000
Story(s)1

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Area Information

StateNM
CountyRio Arriba
CityChama
Zip Code87520
Area41-Chama
Listing VS Median (in 87520)
Price:
$475,000
low | high
Med:
$89,000
100% of Average
SqFt:
8,000
low | high
Med:
0
100% of Average
$ / SqFt:
$59
low | high
Med:
$0
100% of Average
On Site:
201
low | high
Med:
68
100% of Average
Listing Updated: 07/21/2018
MLS Number: 201800010
Listing Provided By:
Melissa Clark  of  United Country N New Mexico RE