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$1,950,000
Est. payment /mo
0.73 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202604736
HOA Y/N No
Year Built 1995
Lot Size 0.730 Acres
Acres 0.73
Property Sub-Type Investment
Property Description
This value-add investment opportunity features a 10,772 SF neighborhood retail center offering excellent visibility and convenient access along Santa Fe's high-traffic St. Michael's Drive corridor. The center features a diverse mix of established neighborhood tenants, including health and fitness businesses, a ceramics studio, and Subway as its anchor tenant. The property is 100% occupied and comprises seven individual retail suites averaging approximately 1,500 SF each. A notable feature is the property's 40 dedicated parking spaces, providing a favorable parking ratio compared to many neighborhood shopping centers. The property is being offered for sale in its entirety but has been fully condominiumized, providing flexibility for a new owner. An attractive opportunity for investors seeking a stabilized retail center for a long-term investment.
Location
State NM
County Santa Fe
Zoning C-2
Interior
Fireplace No
Exterior
Utilities Available Electricity Available
Water Access Desc Public
Private Pool No
Building
Water Public
Others
Tax ID 19102701
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Listed by Neda Talebreza • Sotheby's Int. RE - Railyard
NEARBY SCHOOL & BUSINESS
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Maya Hiersoux
Broker Associate License ID: 54287
Broker Associate License ID: 54287



