2663 U.S. 84, Chama, NM 87520 (MLS# 1111004)

2663 U.S. 84, Chama, NM 87520

$2,795,000

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Property Type: Commercial Sale Lot Size (sq. ft.): 370,260 Status: Active

Current Price: $2,795,000 List Date: 9/15/2026 Last Modified: 9/15/2026

Overview

Description

Set on 8.5± wooded acres where the Rio Chama runs along the Western boundary, the ''Elkhorn Lodge'' is one of the most distinctive riverfront properties in Northern New Mexico and one of the only lodging properties in the Chama Valley with direct river frontage. Established in 1951 and operating continuously ever since, the lodge has been a fixture of the Chama Valley for seventy-five years, serving generations of travelers as both a mountain retreat and a community gathering place. It sits at the Southern gateway to Chama Village on US Highway 84, the first lodging property every visitor passes on the way into town. With a classic ranch-style entrance, mature cottonwoods and pines shading grass-covered grounds, and open views to the Cumbres Mountains to the North. The property is operational today and under professional management, offering a new owner a running business rather than a project. The offering includes 36 accommodation units across three distinct product types: 2 ... (Read more) Set on 8.5± wooded acres where the Rio Chama runs along the Western boundary, the ''Elkhorn Lodge'' is one of the most distinctive riverfront properties in Northern New Mexico and one of the only lodging properties in the Chama Valley with direct river frontage. Established in 1951 and operating continuously ever since, the lodge has been a fixture of the Chama Valley for seventy-five years, serving generations of travelers as both a mountain retreat and a community gathering place. It sits at the Southern gateway to Chama Village on US Highway 84, the first lodging property every visitor passes on the way into town. With a classic ranch-style entrance, mature cottonwoods and pines shading grass-covered grounds, and open views to the Cumbres Mountains to the North. The property is operational today and under professional management, offering a new owner a running business rather than a project. The offering includes 36 accommodation units across three distinct product types: 22 motel-style rooms with private baths and private porches, 12 individually themed country cabins with full kitchens sleeping two to ten guests, and two seasonal units, complemented by a full-hookup RV site and eight dry campsites. Guests enjoy a covered events pavilion, a riverfront fire pit, two horse corrals, a dog-friendly river trail, a children's play area, barbecue grills, and trout fishing steps from the door. A 1,200± square-foot two-bedroom owner's/manager's quarters allows an owner-operator to live on site. The location is the property's quiet advantage. The Cumbres & Toltec Scenic Railroad, a National Historic Landmark and one of the last surviving narrow-gauge steam railroads in America it's only 2.7 miles away. Sargent Wildlife Management Area is 3.8 miles, Heron Lake State Park is just up the road, and Ghost Ranch and Georgia O'Keeffe's Abiquiú country lie 43 miles south. Three national forests, blue-ribbon trout water, and some of New Mexico's best elk and mule deer country surround the valley. That mix draws four distinct groups of travelers, anglers, hunters, outdoor recreation visitors, and cultural travelers. On top of the railroad's national following, giving the valley unusually well-rounded demand for a town its size. Frommer's Travel Book has called Chama ''New Mexico's undiscovered Durango -- without the masses.'' Seventy-five years of history, an irreplaceable riverfront setting, and real room for a new owner to leave their mark. A rare opportunity for someone to take this property to the next level.

Listing Details MLS# 1111004

Location

Street #: 2663
Street Name: U.S. 84
County: Rio Arriba
City/Town Code: Chama
State/Province: NM
Zip Code: 87520
Directions: The property is located approx. 1-2 miles South of the town Chama, NM - just off of US Highway 84 at the Southern approach.
MLS Area Major: 570 - Rio Arriba
Zone Atlas: NOZA

General Property Description

Property Sub-Type: Hotel/Motel
Acres: 8.5
Lot SqFt: 370260
Apx Lot Dim Front: n/a
Apx Lot Dim Side: n/a
Lot Size Source: On-Line
Flood Zone: No Flood Map
Total # Stories: Yes
# Parking Spaces: 38
Docks: No
Door Height: n/a
Disability Access: Unknown
HVAC: No
% Occupied: 30
Transaction Type: Sale

Miscellaneous

Land Ownership: Land Owned

Cooling

Centrally Ducted: No

Sales Info

Trade/Xch Considered: No

More Information

Property Features

Location: Rural; Rural Construction Materials: Frame; Log Siding Road Frontage Type: Highway Road Surface Type: Asphalt Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Connected; Water Connected Heating: Wall Unit Cooling: Window Unit(s) Lease Information: None Parking: Guest Parking Finance Considered: Cash; Conventional; FHA; VA Zoning: H-1

Listing Office: Keller Williams Realty

Last Updated: September - 15 - 2026

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