For Sale, USD 1,750,000
4 N Chamisa, Santa Fe NM 87508, Santa Fe, New Mexico, United States
Property Type : Commercial
Property Style : N/A
Build Size : 4,815 ft² / 447 m²
Land Size : N/A
Bedroom : 0
Bathroom : 0
Half Bathroom : 0
MLS#: N/A
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 Fe's thriving arts, hospitality, short-term rental market, boutique hotel, and potential restaurant space.
More
4 N Chamisa, Santa Fe NM 87508, United States,New Mexico,Santa Fe is a 4,815ft² Santa Fe luxury Commercial listed for sale USD 1,750,000. This high end Santa Fe Commercial is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Santa Fe or search for luxury properties for sale in Santa Fe.