Description

Prime Eldorado Commercial Property — Turnkey Arts + Residential Compound on US-285

Discover a rare opportunity: a fully renovated 4,815 SF commercial/residential compound on 2.09 acres in the heart of Eldorado, currently home to the Jenn Tough Gallery, one of the community’s most dynamic contemporary art spaces. Ideally positioned along U.S. Route 285 — a high-visibility corridor carrying an estimated 30,000–55,000 vehicles daily — this thoughtfully reimagined property functions as a thriving creative campus with multiple income streams.

The building features a contemporary gallery, five modern apartments, and four private art studios, purpose-designed as short-term creative residences for visiting artists booking one week to one month stays.

Property Highlights

• Home of the Jen Tough Gallery — a respected destination for contemporary art, exhibitions, and community events.
• Five Modern Apartments with stylish, updated finishes ideal for short-term artist residencies.
• Five Private Art Studios offering natural light, privacy, and professional creative space.
• Gallery + Event Space perfect for exhibitions, receptions, showcases, or workshops.
• 4,815 Total Square Feet of updated, efficient interior space designed for multi-use, multi-tenant income.
• 2.09 Acres with Direct US-285 Access, offering exceptional signage visibility, ample parking, and smooth guest arrival.
• Strong Financial Performance: Approximately $8,000/month in actual revenue and ~80% of 2026 already booked.
• Projected 2026 Income: ~$14,000/month, based on current reservation trajectory.
• Seller Financing Available to a qualified buyer — an uncommon advantage for investors seeking favorable terms.

Pricing & Investment Analysis

Offered at $1,750,000, the property currently operates at an approximate 5.5% CAP rate based on existing income.

With 2026 reservations already trending toward ~$14,000/month, the projected 2026 CAP rate is approximately 7.7%, placing the asset squarely in the target zone for investors seeking strong returns in Santa Fe’s highly competitive short-term rental and arts-based lodging market.

Concept & Opportunity

More than a building, this is a turnkey creative campus tailored to Santa Fe’s robust tourism and arts economy. The combination of high-demand short-term lodging, individual studio rentals, and the visibility and credibility of the Jen Tough Gallery creates a uniquely diversified revenue model.

Direct exposure to U.S. 285’s high traffic counts (30,000–55,000 vehicles daily) ensures strong branding opportunities, while the 2.32-acre site allows for future expansion — outdoor sculpture installations, additional creative studios, casitas, or enhanced event programming.

Ideal Buyer Profile

Perfect for:

• Investors seeking a hybrid hospitality + arts asset with strong cash flow and upside.
• Creative entrepreneurs or arts patrons wanting to steward a meaningful cultural property.
• Buyers seeking seller financing and immediate income.
• Anyone looking to capitalize on Santa Fe’s year-round demand for artist residencies, workshops, and creative retreats.

A rare, income-producing arts enclave with proven performance, prime highway exposure, and the prestige of housing the Jenn Tough Gallery — this Eldorado property offers exceptional stability, visibility, and long-term growth potential.

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