Improved Mixed-Use Land for Sale in Santa Fe, New Mexico

Offered at $1,599,000, this is a rare opportunity to acquire both the real property and the operating business behind a proven, income-producing mixed-use commercial + residential arts-hospitality concept in the Eldorado area of Santa Fe. Extensively renovated and thoughtfully configured, the 4,815+/- SF building sits on 2.32+/- acres with direct access and excellent visibility along U.S. Highway 285. The property is currently operated as a gallery-centered artist residency campus, featuring a front-of-house gallery/event space, five contemporary residential apartments, and five private art studios. The business model is designed around 1-2 week stays for visiting artists, combining lodging and dedicated studio space-an offering that aligns perfectly with Santa Fe's year-round creative economy and destination travel demand. Important Note: The Jenn Tough Gallery name, entity, branding, and any associated websites or online assets are not included in the sale. The buyer will be acquiring the underlying real property and the operating model/infrastructure, but will operate under a new business name and branding. Flexible Future Upside (Multiple Paths): Continue the seller's successful residency model-gallery + lodging + studios-with revenue potential beyond art sales, or reimagine the asset into other high-demand uses. With the right zoning, permitting, and/or variances, the property may lend itself to a boutique BnB, expanded hospitality retreat, or longer-term apartment configuration. The mixed-use layout also supports workshops, events, and curated experiences.