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393 S. Terrace Avenue, Chama, NM 87520

  • $999,000

  • MLS#: 201603872

Listing Presented By

Robert Delahunt
RE/MAX Professionals Plus-Cham
(575) 756-1678

Multi/Mixed Use - Chama, NM

Historic Chama landmark....The Fosters Hotel Restaurant & Bar is the oldest structure in the Village of Chama. Built in 1881, this charming adobe building includes a hotel operation with 8 existing rooms & the possibility with renovation of 14 additional rooms. There is a restaurant which seats up to 30 patrons. The historic bar is a popular watering hole and tourist attraction, the bar itself is from the late 1800's. This establishment comes with a New Mexico liquor license. Furnishings, fixtures, linens & most inventory is included. There are 3 rental apartments; 2 efficiency & 1 two bedroom apartment. There is a free standing commercial rental that is currently used a a beauty salon. Rentals are fully occupied for additional income. This facility also comes with a conference room that can handle up to 175 people for specialty events. Located across the street from the historic Cumbres & Toltec Scenic Railroad. This facility has outdoor seating and an outdoor balcony for patrons to enjoy views of the railroad yard. This is an excellent location to take advantage of the tourist traffic associated with the railroad and other activities offered by this quaint northern NM mountain village. Imagine owning a piece of the history of the west this would be a great property to own, live in, and enjoy sharing with like minded history buffs. This is a once in a life time opportunity come and take a look at this unique and very special property. You'll be glad you did.

  • $999,000
  • Commercial
  • MLS#: 201603872
  • Square Footage: 4,100
  • Built In: 1881
  • Last Updated: August 6, 2016
  • Posted: August 4, 2016

393 S. Terrace Avenue, Chama, NM 87520 MLS#: 201603872

393 S. Terrace Avenue, Chama, NM 87520 is an , Commercial in Chama, New Mexico for $999,000 with MLS#: 201603872 and offered by Robert Delahunt of RE/MAX Professionals Plus-Cham. To learn more about 393 S. Terrace Avenue, Chama, NM 87520 contact Robert Delahunt for more information or to request a showing.


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