$1,600,000

Set in the Baca Street Railyard, the light-industrial creative pocket of Santa Fe, 1221 Flagman Way is a two-story metal building of 5,986 square feet, built in 2009 and configured for real, active use. City utilities and a full HVAC system are in place. Two three-quarter baths (each with a shower), a 1/2 bath, and dedicated office space support a working operation from day one. Zoning allows for commercial and/or residential use. The building earns its keep right now. The ground floor runs as a functional fitness center and gym; the upper floor houses a Jiu Jitsu studio and a chiropractic practice. The current occupants would like to stay, yet no long-term leases encumber the property. That is the opportunity here: step in as an owner-user and take the space for your own venture, or hold it as an income-producing asset with tenants already in place who want to remain, without inheriting locked-in obligations. The location does much of the work. Baca Street is a walkable, design-forward corner of Santa Fe, an eclectic mix of galleries, makers, cafes, glass studios, and independent businesses, connected by foot and bike along the Acequia Trail to the wider Railyard’s markets, museums, and restaurants. Property highlights / fast facts: 5,986 SF two-story metal building, built 2009, in the Baca Street Railyard, 4-unit building Currently income-producing: ground-floor fitness center/gym; upper-floor Jiu Jitsu studio and chiropractic practice Flexible occupancy: existing occupants want to stay, but no long-term leases bind a new owner Turnkey for owner-users or a ready-made investment/income play Two 3/4 baths (each with shower) and 1/2 bath Dedicated office space City utilities and full HVAC in place Leasehold: City ground lease with a significant term remaining and options to renew (not fee-simple)