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…
MLS: 202505344
List Date: 12-10-2025
Status: Active
Area: Eldorado
Type: Mixed Use
Acres: 2.09
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.
Parking Features:Parking Available, Parking Lot
Parking Spaces:13
Utilities:Electricity Available
Security Features:Surveillance System
Roof:Bitumen, Flat, Membrane
Water Source:Community/Coop
Sewage:Septic Tank
Mark Rochester
Berkshire Hathaway HomeService
