2.16 Acres Lot
2.16 Acres Lot
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202600757
HOA Y/N No
Year Built 1980
Lot Size 2.160 Acres
Acres 2.16
Property Sub-Type Investment
Property Description
The site includes approximately 3,060 sq ft in the main building plus an additional 1,500 sq ft in a detached casita and studio—creating immediate flexibility for phased development, rental income, live/work configurations, or adaptive reuse.
With zoning now permitting up to 8 residential units (including 2 designated as affordable housing), investors have a rare chance to capitalize on multi-unit development potential in a high-demand Santa Fe market. Explore workforce housing, long-term rental units, short-term rental concepts (subject to city approval), co-housing, creative campus-style living, or a mixed-use residential compound.
Existing improvements may reduce initial development costs while allowing for strategic repositioning to maximize returns. The acreage supports thoughtful site planning, parking solutions, outdoor amenities, and expansion concepts—making this a compelling value-add or ground-up redevelopment play.
Opportunities offering this level of acreage, density potential, and structural footprint are increasingly scarce. Ideal for developers, 1031 exchange buyers, or investors seeking diversification through multi-stream residential income.
Location
State NM
County Santa Fe
Zoning R-1, 2, 3, 4, 5, 6
Interior
Fireplace No
Exterior
Utilities Available Electricity Available
Water Access Desc Well
Roof Type Metal
Present Use Other
Total Parking Spaces 5
Private Pool No
Building
Sewer Public Sewer
Water Well
Others
Tax ID 11320448
Acceptable Financing Cash, Conventional, 1031 Exchange, New Loan
Listing Terms Cash, Conventional, 1031 Exchange, New Loan
Special Listing Condition Standard
Nearby Locations
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