Properties

Commercial Sale

220 and 224 W Manhattan Ave, Santa Fe, New Mexico 87501

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Property Description

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.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 202403121
Price : $4,499,000
Year Built : 1823
Acres : 0.55 Acre
Lot Area : 24,132.20 Sqft
Status : Active
Property Sub Type : Commercial
Features
Pool Expense : $0
Address Map
State : NM
County : Santa Fe
City : Santa Fe
Zipcode : 87501
Street : 220 and 224 W Manhattan Ave
Floor Number : 0
Longitude : W106° 3' 21.8''
Latitude : N35° 40' 56.3''
Additional Information
Office Name : Keller Williams Realty
Agent Name : Leslie Gallatin-Giorgetti
Association Fee : $0
Building Area : 9,766 Sqft
Business Type : Hospitality
CapRate : 9
Cumulative DOM : 4
DOM : 4
MLSAreaMinor : 3n-sf City Se North
Electric Expense : $0
Listing Terms : Cash,Conventional,1031 Exchange,NewLoan,Owner Will
Lot Features : Split Possible
Maintenance Expense : $0
Parcel Number : 99307240, 12167552
Tax Annual Amount : $0
Utilities : Electricity Available
Zoning : BCD
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Commercial Sale For Sale
  • Listing ID : 202403121
  • Lot Area : 24,132.20 Sqft
$4,499,000
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