Located at the corner of East Alameda Street and Shelby Street, just 2 blocks south of the famous Santa Fe Plaza, this incredible property has tremendous potential as both an exceptional storefront retail business location and a residence. Currently in use as the Turquoise Butterfly gallery, the lower level retail space boasts multiple entrances from Alameda. Once inside, enjoy the lovely Santa Fe ambience with colorful mosaics, wooden vigas and beams along the ceiling, and 3 kiva fireplaces. The spacious exterior courtyard provides plenty of additional display space, with a graceful stone fountain as its centerpiece and an elevated outdoor deck above. The property would make a great restaurant, with one of the largest outdoor decks in Santa Fe overlooking downtown and the Santa Fe River. There is a bar setup on the east side of the balcony. The charming 3 bedroom 2 bath casita on the upper level is currently being used as a vacation rental, but could also be used as a private residence. The warm, inviting living room has a skylight and fireplace, and the kitchen has attractive tile counter surfaces and stainless steel appliances. There are hardwood floors throughout the casita, which also has its own private deck. Don't miss the opportunity to experience this highly visible property in the heart of Santa Fe.