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Overview

  • Updated On:
  • August 26, 2025
  • 4,430.00 ft2

The Cornerstone Shops – Historic Old Town Chama

$ 524,900
503 Terrace Ave, Chama, Rio Arriba

Description

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.

PROPERTY FEATURES:

Retail Business
Old Town Chama
Cumbres and Toltec
Owner Financing
Businesses for Sale
Commercial Property
Historic Property
Investment & Income

Address: 503 Terrace Ave
City:
State/County:
Zip: 87520
Country: United States

Property Id: 181297
Price: $ 524,900
Property Size: 4,430.00 ft2
County: Rio Arriba County
Lot Size (AC): 0.14000
Year Built: BasicDetails1/YearBuilt1}
Listing ID: 30014-043890
Office ID: 4000
Listing Address: 503 Terrace Avenue, Chama, New Mexico, 87520, United States

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Chris Dennison