220 W Manhattan Ave - Storefront Retail/Residential FOR SALE


Santa Fe, NM 87501
$4,499,000 USD
505-670-7578
220 W Manhattan Ave, Santa Fe, NM for Sale
$4,499,000 USD
Storefront Retail/Residential - FOR SALE
1/51
null | 9% Cap Rate

220 W Manhattan Ave
Santa Fe, NM 87501


OVERVIEW

The Parador, a boutique hotel with a rich history located in beloved Santa Fe, NM, an internationally prized destination in the Mountain Southwest. The Parador is housed in the remaining parts of what was a 200+ year old farm with a vibrant past, tucked away on West Manhattan and walking distance to the Plaza, Canyon Road and the Railyard District. The hotel offering has 15 rooms, with an additional Gift Shop Building which could be transformed into 2 Luxury Suites or reimagined as a spa or restaurant. The property was lovingly renovated and restored by renowned designers who acquired it in 2018. Care has been taken to respect the building’s authenticity, revealing its history while incorporating heirloom quality and contemporary style. The owners have spent the last years renovating, reconstructing and rebranding the assets. The Farmhouse was built at the turn of the 19th-century when New Mexico was still under Spanish rule. The double adobe structure served as a family home for over a century and a half, undergoing its first remodel in the early 1900’s with Victorian details added throughout the home. In the 1960’s, at the peak of the Rainbow Coalition’s gatherings in the surrounding areas, the space became a religious commune at which point the barn and stables were adopted and transformed into living quarters. As a commune, all that were hungry or in need of a bed were welcome. It wasn’t until the late 1970’s that the second story was added in Northern New Mexico Territorial style; entering into its new life as an inn. The Parador is a wonderful property with a rich history that offers a wonderful opportunity to add more value and operate as a cash flowing hotel.

FOR SALE DETAILS

PRICE

$4,499,000 USD

PRICE/SF

$461 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

220 & 224 W Manhattan Ave, Santa Fe, NM 87501

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1823

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,538 SF

ZONING

BCD

APN/PARCEL ID

099307240

ASK ABOUT THIS PROPERTY

Leslie GiorgettiKeller Williams RealtyMore Info
505-670-7578

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Leslie GiorgettiKeller Williams RealtyMore Info
505-670-7578

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.