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503 Terrace Avenue

$524,900

The Cornerstone Shops – Historic Old Town ChamaOpportunity awaits in the heart of historic Old Town Chama, NM with this versatile retail building, ideally located…

Key Features

MLS: 202503846

List Date: 08-20-2025

Status: Active

Area: Abiquiu Area

Type: Retail

Acres: 0.14

Presented By

Cindy Sheff

Cindy Sheff

505.470.6114

The Cornerstone Shops – Historic Old Town ChamaOpportunity awaits in the heart of historic Old Town Chama, NM with this versatile retail building, ideally located directly across from the world-famous Cumbres & Toltec Scenic Railroad station. Offering approximately 4,430 square feet, this property provides the perfect setting for retail, dining, or mixed-use ventures.Currently home to a fudge shop, coffee shop, and a retail space featuring outdoor gear and furniture, the building is well-suited for multiple business opportunities. A unique bonus is the upstairs 2-bedroom, 1-bath apartment, making this a fantastic live/work opportunity.Recent improvements include a new roof, new windows, electrical upgrades, fresh paint, and new stucco, giving the property both curb appeal and peace of mind. The building also offers private alley access with a gated entrance, ensuring convenience and security.This listing is priced for the building only, with inventory and equipment available for purchase separately–giving buyers flexibility to step right into a thriving business or create their own vision.With its prime location, historic charm, and versatile spaces, The Cornerstone Shops is a rare find in one of northern New Mexico’s most visited destinations.

Additional Features

Construction Materials:Frame

Days on Market:17

Parking Features:On Street

Property Type:Commercial Building

Property Sub Type:Retail

Utilities:Electricity Available

About the Neighborhood

Homes & Land for Sale in Abiquiu, New Mexico

“It is not a country of light on things -it is a country of things in light.” Georgia O’Keeffe About 60 miles north of Santa Fe, Abiquiu and surrounding communities of El Rito, Gallina, Ojo Caliente and Chama to the north are some of the most beautiful landscapes New Mexico has to offer. Celebrated artist Georgia O’Keeffe lived at nearby Ghost Ranch for many years and also bought a house in Abiquiu in 1945, using it variously as an art subject, residence and studio for several years.

Schools

Listing Brokerage

IDX listing

Christopher Dennison

United Country N New Mexico RE

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