17 Santuario Dr Chimayo, NM 87522
This exceptional retail property presents a unique investment opportunity in the heart of Chimayo, New Mexico. Located directly adjacent to the renowned El Santuario de Chimayo church, this 4,800 square foot building boasts a rich history, having operated as a successful gift shop since 1921. The property sits on a 0.07-acre lot and includes ample parking and additional storage structures, enhancing its operational efficiency. The business itself enjoys a well-established customer base cultivated through walk-in traffic, online sales, and a robust mail-order system. This translates into a consistently strong cash flow, with significant potential for future growth. The current inventory includes a diverse range of souvenirs, New Mexico's famous chiles, and locally crafted arts and crafts, catering to a broad customer demographic drawn to this significant religious and cultural destination. The business benefits from long-standing relationships with reliable suppliers and a dedicated, experienced staff, ensuring a smooth transition for the new owner. This turnkey operation offers a rare blend of historical significance, established profitability, and prime location, making it an exceptional investment opportunity in a thriving New Mexico market. The asking price for the property and business is $1,650,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.