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The Alvord School 1625 Paseo de Peralta 46 Room Hotel Santa Fe, NM 87501 $10,000,000 ($217,391/Room)
INVESTMENT HIGHLIGHTS
- Large ±2.9-acre infill redevelopment site in Santa Fe’s Guadalupe/Railyard district
- BCD zoning permitting hospitality, office, medical, residential, institutional, retail, and cultural uses
- Archaeological clearance granted (Sept 1, 2022)
- ±30,760 SF existing building suitable for adaptive reuse or full redevelopment
- Alvord Master Plan approved with height zones, massing, setbacks, architectural requirements
- 46-unit all-suite hotel program approved (modifiable)
EXECUTIVE SUMMARY
The Alvord School represents one of the most significant redevelopment opportunities in Santa Fe’s urban core. Located at 1625 Paseo de Peralta, the ±2.9-acre infill parcel sits directly adjacent to the Santa Fe Railyard, the city’s premier mixed-use cultural district. The existing ±30,760 square foot building, originally built in 1931 and expanded several times through the 1970s, offers uncommon flexibility within the highly permissive Business Capital District (BCD) zoning designation. Extensive entitlements—including the Alvord Master Plan, archaeological clearance, and pre-reviewed infrastructure—substantially reduce planning risk and development timelines. This parcel’s size, location, zoning, and entitlement status collectively position The Alvord School as a rare opportunity for hospitality, residential, mixed-use, institutional, medical, or educational redevelopment.
PROPERTY FACTS
| Price | $10,000,000 | Construction Status | Final Planning |
| Price Per Room | $217,391 | Building Size | 30,760 SF |
| Sale Type | Investment | No. Rooms | 46 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 2027 |
| Building Class | B | Parking Ratio | 1.56/1,000 SF |
| Lot Size | 2.82 AC | Corridor | Interior |
| Zoning | BCD - BCD zoning allows, Hotel / Hospitality, Office / Medical / Dental, Educational, Institutional, Retail, Residential, Mixed Use | ||
| Price | $10,000,000 |
| Price Per Room | $217,391 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.82 AC |
| Construction Status | Final Planning |
| Building Size | 30,760 SF |
| No. Rooms | 46 |
| No. Stories | 1 |
| Year Built | 2027 |
| Parking Ratio | 1.56/1,000 SF |
| Corridor | Interior |
| Zoning | BCD - BCD zoning allows, Hotel / Hospitality, Office / Medical / Dental, Educational, Institutional, Retail, Residential, Mixed Use |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 46 | $169.00 | 850 |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,690,242 | |
| Land Assessment | $2,784,362 | Total Assessment | $4,474,604 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,784,362
Improvements Assessment
$1,690,242
Total Assessment
$4,474,604
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The Alvord School | 1625 Paseo de Peralta
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