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1625 Paseo de Peralta, Santa Fe, NM 87501

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For Sale

$10,000,000

30,760 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • $325.10
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

The Alvord School represents one of the most significant redevelopment opportunities in Santa Fe's urban core. 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 sf 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. Business Capital District Zoning (BCD) One of Santa Fe's most flexible zoning categories permits:, Hotel / Hospitality, Office / Medical / Dental, Educational facilities, Nonprofit or institutional headquarters, Residential: multifamily, condominiums, live/work, Retail, cafe, restaurant, service commercial, Cultural uses: museums, galleries, performing arts, Religious and assembly use. No strict density limits; development governed by height zones and Master Plan parameters. The Santa Fe Railyard is a nationally recognized arts, culture, and mixed-use district including: Santa Fe Farmers' Market, Violet Crown Cinema, SITE Santa Fe, El Museo Cultural, Railyard Plaza + Public Green, REI, Rail Trail + Santa Fe Depot Transit-Oriented Development Potential: Walkability to transit, Proximity to amenities, Reduced parking requirements, Integration with mixed-use environment
MLS# 202505309

Courtesy Of Real Estate Advisors, LLC

(505) 539-3200

Property Features

  • Age
    Over 50 Years Old
  • Lot Size
    2.9 Acres

Map and Directions

Directions to 1625 Paseo de Peralta, Santa Fe, NM 87501

Home seller CENTURY 21 Camco Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Camco Realty

(505) 292-2021
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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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.