$1,600,000

There are 3.655 acres situated on 5 surveyed, vacant, and undeveloped parcels adjacent to the existing Commercial Center Plaza in Aldea de Santa Fe. Property has full Development Rights to provide hospitality related commercial uses on structures not to exceed more than 44,700 sf of buildable area. There is also use of 6.45-acre ft of water granted by the City of Santa Fe per year. Schematic Prospectus Plans have been developed by designer Ernest Martinez at the request of the current owner to show the feasibility of creating a 24,000 sf 4 Star Boutique hotel in this location. The Hotel becomes an "oasis" nestled within in an existing Commercial Center and community of Aldea that permits a hotel development project to serve as the anchor commercial enterprise. There are also 12 other parcels, (6 lots on the east side and 6 lots on the south side of Aldea Plaza), MLS 202201845 and MLS 202201846 that could compliment this hotel development. Aldea de Santa Fe (which means small village of Santa Fe) is a beautiful new urbanist community located in NW Santa Fe County, approximately 15 minutes from the Plaza in Santa Fe. It was designed by world re-known architect, Andres Duany and incorporates a variety of housing types, open space, walking areas, trails, beautiful views, a HOA community center, tennis courts and many other features. There are approximately 479 homes and over 700 residents on 345 acres. It is 98% complete, what is missing is the comm. dev. in Plaza.