1226 Flagman Way, Santa Fe, NM 87505

A contemporary steel intermodal container architecture building totaling 5,182+/- SF across two stories, originally built in 2010 and comprehensively expanded and renovated between 2022 and 2025. The property includes an interior elevator and three full restrooms plus a 3/4 bath. A self-contained studio apartment with dedicated HVAC supports a true live-work program. Site services include two cisterns, with updated fire and security systems in place. The building’s three separate electric meters allow flexible configuration as one, two, or three independent units, and it is offered with ownership of all improvements.

The property is located in the Santa Fe Railyard within the Baca District, on a 15,417+/- SF parcel. Zoning is BCD-RED under the Railyard Master Plan Baca subdistrict. Ground lease commenced February 2008, with an initial 50-year term plus four 10-year extension options, providing a potential lease horizon through 2098. Current ground rent and CAM payable to the Railyard is $3,538/month. The building is within walking distance of SITE Santa Fe, the Santa Fe Farmers Market, Violet Crown Cinema, Second Street Brewery, El Museo Cultural, and the New Mexico Rail Runner station.

This offering suits buyers or operators seeking a mixed-use, live-work setup with the ability to operate as a single space or split into multiple independently metred units. The presence of dedicated HVAC for the studio apartment, elevator service for accessibility, and multiple restroom facilities support a range of office and creator-focused uses consistent with the Railyard Master Plan Baca subdistrict zoning.