567 Terrace Avenue

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567 Terrace Avenue

Chama, NM 87520
Asking Price
$569K
Asset Type
Storefront Retail
Class
Class B

AI Property Summary

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

  • Retail storefront available for purchase at 567 Terrace Avenue
  • Located in the town of Chama within New Mexico
  • Current space is configured for boutique retail operations
  • Asking price for the property is set at $569,000
  • Well-suited for local artisans or small shop owners

What's Special

Situated in Chama, New Mexico, this retail property occupies a prime spot at 567 Terrace Avenue. The storefront currently functions as a boutique, benefiting from the charm and character of this mountain community. The region serves as a notable destination for tourism and outdoor recreation, providing a consistent flow of visitors to the downtown area. With its adaptable floor plan, the space is well-suited for a variety of small business operations, including artisan workshops, specialized retail boutiques, or unique creative studios. Investors and owner-occupants looking for a foothold in a picturesque market will find this location offers significant visibility for pedestrian traffic. The established footprint allows for immediate occupancy or minor modifications to suit a specific retail vision, making it a practical addition to any local business portfolio in the 87520 zip code.

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NOI
$80,000
Cap Rate
14.06%
DSCR
2.37
Strong
Cash-on-Cash
27.08%
Monthly Payment
$2,815.102
Annual Cash Flow
$46,218.781

Location & Travel Times