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. Substantial water rights are a unique and valuable asset anywhere in the west but especially in northern New Mexico. HIPICO is on the southwest side of Santa Fe near the airport, I-25, and borders thousands of BLM land acres. There are multiple property improvements, including three single-family homes, a clubhouse, the main barn, a huge indoor arena, 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. An RV park with water and electricity is already in place.