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Prime Downtown Chama Commercial Opportunity! Positioned directly across from the historic Cumbres & Toltec Scenic Railroad, this .16-acre commercial lot offers outstanding visibility in the heart of one of Northern New Mexico's most popular mountain destinations. The renowned steam railroad draws visitors from across the country to Chama, creating seasonal tourism and foot traffic just steps from the property.Surrounded by local shops, restaurants, lodging and downtown attractions, this location offers exciting potential for a variety of commercial uses. Consider a coffee shop, retail storefront, food or beverage concept, tourism-related business, office, or other venture designed to serve both visitors and the local community.Beyond downtown, Chama is a year-round destination known for its spectacular mountain scenery, fishing, hunting, hiking, camping and outdoor recreation. Opportunities to secure commercial land this close to Chama's signature attraction are limited--bring your vision and become part of this unique mountain community!

Highlights

  • Land
  • 0.17 Acre Lot
  • 91 days on Market


  • Acres
    0.17
  • Lot Features
    Level
  • Utilities
    Sewer Available, Electricity Available, Water Available, Other
  • Water
    Public, Other

  • Area
    570 - Rio Arriba
  • County
    Rio Arriba
  • City
    Chama
  • Neighborhood
    NA
  • Zip Code
    87520

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Frequently Asked Questions

How do I schedule a tour of 555 Terrace Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 555 Terrace Ave.

They know lands in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 555 Terrace Ave?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $94,000. We can talk through recent upgrades, potential seller motivation, how this land compares to others in Chama, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 555 Terrace Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 555 Terrace Ave at around $610. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 555 Terrace Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Rio Arriba County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 555 Terrace Ave?

In most cases, yes. Whether 555 Terrace Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Chama's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 555 Terrace Ave?

We can handle that for you. Our preferred local agent specializes in lands in Chama and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

555 Terrace Ave was listed on August 15, 2026, which means it's been on the market for 91 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What is the lot size of this property?

555 Terrace Ave sits on a 0.17-acre lot, which is 7,405 square feet.

What are the property taxes for 555 Terrace Ave?

The most recent public record shows annual property taxes for 555 Terrace Ave were approximately $900. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 555 Terrace Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Continental Real Estate Group, Inc, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved.

Last Updated: November 14, 2026 at 01:46AM | Source: Southwest MLS (Greater Albuquerque Association of REALTORS) | MLS#: 1109235