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33683837
33683834

4 North Chamisa, Santa Fe, NM 87508

Berkshire Hathaway HomeServices Santa Fe Real Estate
Listed by Berkshire Hathaway HomeServices Santa Fe Real Estate
$1,599,000
155 days on market
Updated 3 days ago

4 North Chamisa - Jen Tough Gallery and Studios

Details
APN 129209977
Property Type Hospitality, Mixed Use (+2)
Sub Type Creative Office, Hotel (+1)
Square Footage 4,815
Keys 213
Cap Rate 10.51%
NOI $168,000
Pro-Forma Cap Rate 10.51%
Price per SqFt $332
Broker Co-Op Yes
Year Built 1997
Year Renovated 2023
Buildings 1
Stories 1
Acreage 2.100
Zoning Commercial
Ground Lease No

Multi-Use Commercial Space, Hospitality/Gallery/Studio/Office

Marketing description

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.

Investment highlights

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.

Listing Contacts

Berkshire Hathaway HomeServices Santa Fe Real Estate
Listed by Berkshire Hathaway HomeServices Santa Fe Real Estate

Valuation Calculator

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$168,000.00
$14,000.00/mo

Valuation Metrics

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DSCR
10.51%
Cap Rate
10.51%
ROI

Map

Zoning

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View all 234 uses
View all 234 uses
Last updated Dec 11, 2025 For deeper zoning details, reports are available at Zoneomics

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Property History

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