Listed by Real Estate Advisors LLC
$8,200,000
The Alvord School Redevelopment Opportunity
Details
Property Type Office, Hospitality
Sub Type Creative Office, Hotel
Square Footage 30,760
Units 43
Year Built 1931
Year Renovated 1970
Buildings 1
Acreage 2.900
Zoning BCD
Investment Type Redevelopment
Ownership Fee Simple
Office | 30,760 SqFt
Marketing description
The Alvord School represents one of the most significant redevelopment opportunities in Santa Fe’s urban core. Located at 1625 Paseo de Peralta, the ±2.9-acre infill parcel sits directly adjacent to the Santa Fe Railyard, the city’s premier mixed-use cultural district. The existing ±30,760 square foot building, originally built in 1931 and expanded several times through the 1970s, offers uncommon flexibility within the highly permissive Business Capital District (BCD) zoning designation. Extensive entitlements—including the Alvord Master Plan, archaeological clearance, and pre-reviewed infrastructure—substantially reduce planning risk and development timelines. This parcel’s size, location, zoning, and entitlement status collectively position The Alvord School as a rare opportunity for hospitality, residential, mixed-use, institutional, medical, or educational redevelopment.
Investment highlights
- Large ±2.9-acre infill redevelopment site in Santa Fe's Guadalupe/Railyard district
- ±30,760 SF existing building suitable for adaptive reuse or full redevelopment
- BCD zoning permitting hospitality, office, medical, residential, institutional, retail, and cultural uses
- Alvord Master Plan approved with height zones, massing, setbacks, architectural requirements
- Archaeological clearance granted (Sept 1, 2022)
- 46-unit all-suite hotel program approved (modifiable)
- Exceptional walkability to the Railyard district
Listing Contacts
Listed by Real Estate Advisors LLC
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Zoning
BCDRED CommercialSpecial CommercialBusiness Capital District Railyard Subdistrict
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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