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Listing Courtesy of: Mark Rochester - Berkshire Hathaway HomeService 505-690-2175

$1,750,000

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4 N Chamisa Santa Fe, NM 87508

Mixed Use Residence

Beds

Baths

... Bed/Bath

4,815 Sq. Ft.

Property Activity

Time on Site

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Last updated on 12/22/2025 9:00 PM

Listing Details

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 cor...ridor 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. Continue reading

MLS#

202505344

Property Type

Mixed Use

Year Built

1997

Square Feet

4,815 sq. ft

Lot Size

2.09