669 Terrace Avenue

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669 Terrace Avenue

Chama, NM 87520
Asking Price
$825K
Asset Type
Restaurant Retail
Class
Class B

AI Property Summary

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

  • Retail restaurant space measuring 2,985 square feet for sale.
  • Property is listed for an asking price of $825,000.
  • Located on Terrace Avenue within the town of Chama.
  • Suitable for restaurant operations or retail business ventures.
  • Situated in a New Mexico market known for recreation.

What's Special

Priced at $825,000, this 2,985 square-foot retail property located at 669 Terrace Avenue in Chama, New Mexico, serves as a functional space for food service operations. The asset occupies a strategic position within a market known for its scenic landscape and steady tourism activity. As a restaurant-subtype retail building, the facility provides an adaptable layout suitable for culinary entrepreneurs, cafe operators, or established dining brands seeking a footprint in this unique northern New Mexico setting. Local economic drivers in Chama remain tied to the regional hospitality and recreation sectors, benefiting from the consistent flow of visitors drawn to the area. Investors and business owners will find this building offers the necessary square footage to accommodate kitchen infrastructure and customer seating, making it a viable candidate for various dining or retail concepts. The site is positioned to take advantage of the existing traffic patterns that define this mountain-adjacent business corridor.

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NOI
$80,000
Cap Rate
9.70%
DSCR
1.63
Strong
Cash-on-Cash
12.53%
Monthly Payment
$4,081.65
Annual Cash Flow
$31,020.202

Location & Travel Times