HIPICO of Santa Fe offers an incredible opportunity to invest in a commercial property with outstanding water rights, existing infrastructure, strategic location, and a plethora of possible uses. Originally developed and operated as a profitable world-class equestrian facility, HIPICO events were severely limited in 2020 due to the Covid crisis. A new owner may choose to continue the successful equestrian event operation or re-purpose the property in their vision. The substantial water rights are a unique and valuable asset anywhere in the west but especially in northern New Mexico. HIPICO is located on the southwest side of Santa Fe near the airport, I-25, and borders thousands of BLM land acres.
There are multiple improvements on the property, including three single-family homes, a clubhouse, 14,000 sq ft main barn, 25,000 sq ft indoor arena, 9,000 sq ft show barn, hay barn, shop, and storage buildings. There are over 46,000 sq ft of covered space, not including the residences. The property’s focal pieces are the equestrian and polo fields exquisitely maintained with the finest footing available. A small RV park with water and electricity is already in place, begging for expansion. The HIPICO event schedule has been impressive with top-level equestrian events, polo, horsemanship clinics, and the home for the New Mexico Center for Therapeutic Riding. International equestrians and equine athletes flocked to the A-Rated Santa Fe Summer Series featuring A-rated Dressage and Hunter/Jumper competitions. Because of the investment quality, paired with recreational and environmental components, HIPICO is one of the open market’s unique properties. What’s your vision? Continued Equestrian facility, Residential development, Upscale RV park, logistics hub, retreat center? All are possibilities, and then there is always your unique vision!