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    220 W Manhattan Ave Santa Fe, NM 87501

    Pending
    For Sale
    $2,490,000

    COMMERCIAL - Santa Fe, NM

    Property size:
    6,704 SF
    Lot size:
    0.34 Acres
    Days on Market:
    32
    Last Refresh:
    Dec 13 at 11:06 pm

    Property Features for 220 W Manhattan Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    BCD
    APN
    12167552
    Size
    6,704 SF
    Lot size
    0.34 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    1823

    Keller Williams Realty (505) 983-5151 [email protected]

    Listing agent Leslie Gallatin-Giorgetti (505) 670-7578 License #47708

    Listing date Nov 13, 2025

    Copyright © 2025 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Boutique Hotel in Santa Fe

    The Parador is a boutique hotel with a rich history located in Santa Fe, NM. This property, once a 200+ year old farm, features undulating double adobe walls and renovated rooms. Tucked away on West Manhattan St, it is within walking distance to the Plaza, Canyon Road, and the Railyard District. The hotel has 12 rooms, some with Juliet balconies, beamed ceilings, and kiva fireplaces. It also includes a commercial kitchen and a courtyard for dining and entertainment. The property was renovated and restored by designers starting in 2018, respecting the building's authenticity while incorporating contemporary style. 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, the space became a religious commune, and the barn and stables were transformed into living quarters. In the late 1970's, the second story was added in Northern New Mexico Territorial style, entering into its new life as an inn. The property size is 6,704 square feet and the lot size is 0.34 acres. The Parador offers an opportunity to add more value and operate as a cash flowing hotel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Parador Santa Fe Hotel

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.9439402
    Latitude
    35.6822985

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    FAQs

    What type of property is this?
    Hotel - Charming 12-room boutique hotel near Plaza, Canyon Road, Railyard.
    Where is this hotel located?
    The property is located at 220 W Manhattan Ave Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $2,490,000.
    What are key features of this property?
    This property features: - High Cap Rate: Offered at a 12% cap rate, presenting a strong investment opportunity.; - Prime Location: Walking distance to the Plaza, Canyon Road, and the Railyard District in Santa Fe.; - Unique Historic Property: A boutique hotel with a rich history dating back to 1823, featuring original double adobe walls.
    (505) 670-7578
    Request Owner's contact information
    220 W Manhattan Ave Santa Fe, NM 87501
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    Santa Fe, NM 87501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    220 W Manhattan Ave Santa Fe, NM 87501
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