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$1,900,000

For Sale

8 hours ago

2325 Cerrillos, Santa Fe, NM

House

MLS® 202602834

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 0
Lot Size 0.59 Acres
Approx. Age 1998
MLS® Number 202602834

Property Address: 2325 Cerrillos, Santa Fe, NM, 87505

Average square foot calculated using Size range provided by listing agent.

Description

Presenting the La Luz Building at 2325 Cerrillos Road, a substantial 24, 000-square-foot commercial multifamily asset offering a uniquely secure investment profile in the Santa Fe market. This impressive three-story property features a dual-use configuration, anchored by 24 residential apartments encompassing 32 total rooms on the upper levels. The residential component operates exclusively under specific use restrictions as a 100% low-income housing community, which is directly supported by an active HUD grant currently in place. This grant structure provides an investor with highly stable, government-backed revenue, significantly mitigating vacancy risks and ensuring a reliable, consistent cash flow. Adding immediate upside to this steady foundation, the ground floor is dedicated to commercial office spaces that are ready to be leased to professional tenants. These commercial suites offer excellent footprint and accessibility, creating a robust secondary income stream entirely separate from the residential rent roll above. The building’s substantial structure is purposefully designed to accommodate this mixed-use demand, maintaining clear separation between the ground-floor business operations and the private residential housing. By combining the guaranteed income stability of a HUD-supported housing program with the value-add leasing potential of ground-level commercial offices, this asset delivers a highly specialized and lucrative financial model. This is a rare opportunity to acquire a high-capacity, dual-revenue property with built-in financial safeguards.
MLS® Number202602834
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1998
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 25, 2026List Date
$1,900,000List Price
  • Commute

Commute

Starting Address
Destination Address
2325 Cerrillos, Santa Fe, NM

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