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87508
87508
W106° 6' 31''
N35° 31' 22.1''
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Mark Rochester
1128614
Property Description

Turnkey Arts Residential Investment Opportunity in Eldorado. Offered at 1,750,000 with a current 5.5% CAP rate and projected 7.7% CAP rate for 2026, this extensively renovated 4,815 SF mixed-use property sits on 2.09 acres with direct access and high visibility along U.S. Highway 285, a major corridor carrying an estimated 30,000-55,000 vehicles daily. The building is currently home to the Jen Tough Gallery and includes five contemporary short-term rental apartments and four private art studios, all designed for visiting artists seeking one-week to one-month residencies. This turnkey creative campus has generated approximately 8,000 per month in actual income, with nearly 80% of 2026 already booked and a projected 2026 income of approximately 14,000 per month. The property offers multiple revenue streams through short-term lodging, studio rentals, and gallery events. The 2.09-acre site provides exceptional parking, signage exposure, and future expansion potential for additional studios, casitas, or outdoor sculpture gardens. Seller financing is available to a qualified buyer, adding flexibility and attractive entry into Santa Fes thriving arts, hospitality, short-term rental market, boutique hotel, and potential restaurant space.

4 N Chamisa

Santa Fe, New Mexico 87508, United States

  • Square Footage: 91,040.40 Sqft
$1,750,000
Listing ID#253582
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Basic Details
Property Type : Commercial
Listing Type : Active
Listing ID : 253582
Ref ID : 423784367
Price : $1,750,000
Square Footage : 91,040.40 Sqft
Lot Area : 2.09 Sqft
MLS : 202505344
Office ID : NM301-010
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Santa Fe Real Estate
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