About 1625 Paseo De Peralta
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, café, 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
Features of 1625 Paseo De Peralta
| MLS® # | 202505309 |
|---|---|
| Price | $10,000,000 |
| Bathrooms | 0.00 |
| Square Footage | 30,760 |
| Acres | 2.90 |
| Year Built | 1931 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 1625 Paseo De Peralta |
|---|---|
| Area | 3N-SF City SE North |
| City | Santa Fe |
| County | Santa Fe |
| State | NM |
| Zip Code | 87501 |
Amenities
| Utilities | Electricity Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Additional Information
| Date Listed | December 8th, 2025 |
|---|---|
| Days on Market | 35 |
| Zoning | BCD |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Tai Bixby |
|---|---|
| Office | Real Estate Advisors, LLC |