2414 Us Highway 64/84 Highway

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2414 Us Highway 64/84 Highway

Chama, NM 87520
Asking Price
$349K
Asset Type
Restaurant Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial retail building for sale in Chama, New Mexico.
  • The interior space measures 1,555 square feet in total.
  • Property is situated along the US Highway 64/84 corridor.
  • Asset is suited for restaurant or casual food service.
  • Offered at an asking price of 349,000 dollars.

What's Special

This retail property is currently available for sale in Chama, New Mexico. Spanning 1,555 square feet, the building is well-positioned for an owner-user or an investor seeking a restaurant location in a mountainous, high-altitude setting. Chama serves as a gateway for travelers and tourists, particularly those drawn to the historic Cumbres and Toltec Scenic Railroad, providing steady foot traffic in this unique mountain destination. The layout supports various food service operations, making it a viable candidate for a restaurant, café, or casual dining establishment. The surrounding landscape is characterized by its rural charm and outdoor recreation opportunities, which consistently bring visitors through this corridor of Rio Arriba County. An investor or business operator can leverage the visibility of this site along the highway to capture local demand and regional tourism alike, establishing a functional presence in this distinct northern New Mexico community.

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NOI
$80,000
Cap Rate
22.92%
DSCR
3.86
Strong
Cash-on-Cash
56.62%
Monthly Payment
$1,726.662
Annual Cash Flow
$59,280.061

Location & Travel Times