1127 Paseo de Peralta

Rare Downtown BCD Development Opportunity One of the last significant undeveloped BCD opportunities in Santa Fe’s downtown core, this exceptional property offers tremendous flexibility for redevelopment, investment, or a dynamic mixed-use project. Situated on approximately 0.98 acres, the property includes more than 6,700 square feet of existing improvements distributed among three separate structures. BCD zoning allows for a broad range of potential uses, including hospitality, retail, residential, and short-term rentals, creating an unusual opportunity to develop a project tailored to the demands of downtown Santa Fe. The property consists of three separate lots, providing exceptional flexibility in how the buildings and land may be developed, occupied, or potentially held under multiple ownership structures. Behind the three existing buildings is a substantial on-site parking area, an increasingly valuable asset in the downtown core and one capable of supporting a variety of future development concepts. Whether envisioned as a boutique hospitality property, residential and short-term rental project, retail destination, or a thoughtfully designed combination of uses, the possibilities are extensive. A comprehensive professional development study is available detailing the property’s many potential uses and redevelopment opportunities. Nearly an acre in the downtown core. Three lots. Three structures. On-site parking. BCD zoning. A truly rare opportunity to create something significant in the heart of Santa Fe.