Residential or business/investment opportunity in a prime location on the Paseo steps to the vibrant Railyard (galleries, eateries, REI, the Farmers Market & Violet Crown) and just a few blocks to all the amenities of downtown and Canyon Road. "Casa Pacifica" (House of Peace) is a 5 unit compound, partly adobe, with an impressive stone entry and multiple charming courtyards. Currently being used as a 3* hotel (see www.casapacificasantafe.com ) with a new inn keeper who has put the revenues on an upward trajectory and garnered top reviews and ratings. With some modification the units could be rented, sold individually, or even further split? Previously used as an elder care facility. Alternative uses (with possible zoning change?) might be B&B, offices, hostel, foster care, rehab or healing center; or upgrade into a 5* boutique hotel. Has 12 bedrooms, 9 bathrooms (with steam showers), 4 full kitchens and 5 kitchenettes. Zoned R8, however, property to the west is C-1 (zoning map attached). Priced to reflect current economic realities and to allow a buyer to realize the investment potential.
Santa Fe Properties/Washington