Downtown Mixed-Use Investment

Since 2013, the property has been home to Terracotta Wine Bistro, a well-established and highly regarded restaurant known for its award-winning cuisine and curated wine list. The restaurant’s success and reputation have contributed to a stable, long-term commercial tenancy that provides consistent income. Their continued presence not only adds credibility and vibrancy to the property but also ensures a level of operational continuity that appeals to investors seeking dependable returns. The property presents a compelling value-add opportunity through the conversion of its long-term residential rental units into short-term hospitality accommodations. With Santa Fe’s strong tourism market, short-term rentals command significantly higher rates, offering the potential for increased cash flow. Additionally, an underutilized garage space could be converted into heated square footage, potentially allowing for the addition of a third studio unit. These upgrades would enhance both the income potential and overall value of the property.

• Leased investment property in downtown Santa Fe with upside with a restaurant and 2 residential rental casitas. 
• Update potential:  long term residential rental units can be converted to short term rentals (hospitality) with greater rents.  Garage space may represent an opportunity to add additional heated square footage.
• Zoning is Business Capital District (BCD) and allows for residential, restaurant, retail, office, hospitality, gallery, medical, dental, and more.
• Located next to the Eldorado Hotel 3 blocks from the Santa Fe Plaza.  Nearby businesses include the Georgia Okeefe Museum, Palace of the Governors, Hilton Hotel, Santa Fe Convention Center, museums, restaurants, galleries, City Government, County Government, professional services and more.