4 N Chamisa

$1,750,000

1 of 47

4 N Chamisa

$1,750,000

Contact Presenting Broker

    Laurie Farber-Condon

    505.412.9912

    Key Features

    • MLS: 202505344
    • Status: Active
    • Price: $1,750,000
    • Area: 14-Eldorado
    • Type: Mixed Use
    • Acres: 2.09

    About this Property

    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.

    Additional Features

    • Type Mixed Use
    • Days On Market 2
    • Parking FeaturesParking Available, Parking Lot
    • Parking Spaces13
    • UtilitiesElectricity Available
    • Security FeaturesSurveillance System
    • RoofBitumen, Flat, Membrane
    • SewageSeptic Tank

    Neighborhoods

    Eldorado

    An established bedroom community of about 5000 residents - a mix of families, retirees, singles and couples--with its own commercial center, elementary school and social/recreational center, Eldorado is only twenty minutes from Santa Fe and feels like a transition between city and country. The area includes Dos Griegos, Alteza Estates,…

    Schools

    Listing Brokerage

    IDX listing

    Mark Rochester

    Berkshire Hathaway HomeService

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    The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of SFAR MLS, Inc. Real estate listings held by brokers other than Santa Fe Properties are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.