Active

4 Banana Lane

Santa Fe NM, 87506

$2,300,000


$230.32 per sqft

Active

9,986 sqft

Commercial

Built in 1980

FIRST RIGHT OF REFUSAL (TENANT ON SITE) 11.4% CAP Rate with the potential to increase upon future lease of 4th rental units onsite.(3 of 4 units rented) The tenant lease has annual rent escalations in place. The business is NOT FOR SALE. This is a Real Estate ONLY Offer. This commercial offering includes a well known restaurant with ample indoor and outdoor seating, patio seating with impressive Sangre de Cristo mountain views, as well as 4 residential rental units all on approximately 2.45 acres. The property has 122 parking spots with easy access to Hwy 84/285 in between the Santa Fe/Los Alamos and Espanola corridor with plenty of street frontage. The property is entirely coyote fenced and gated with a well and septic system in place. There is an outdoor kiva fireplace, complemented by flagstone, brick, rock, and a fenced viewing area, perfect for cozy gatherings. Both the interior and exterior are illuminated by Southwestern wall sconces, while numerous skylights and windows provide excellent natural lighting. The floors are laid with Talavera and Saltillo tiles, contributing to the authentic Southwestern ambiance. The location has a high traffic count with many movies being filmed nearby. This is a great opportunity for a land and building investor looking for increasing monthly income.

202402095

MLS ID

June 26, 2024

Listed

September 19, 2024

Updated

Map

4 Banana Lane
Santa Fe NM, 87506

Interior Features

Floor Description

Tile


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

2.45 Acres


Sewer

Septic Tank

Other Property Details

Days on Market

84


Garage

No


Parking

Paved, Parking Available, Parking Lot


Parking Total

122


View

No


County

Santa Fe


Water Source

Private, Well


Pool

No


Zoning

C-2

Listing History

Date

Event

Price

9/17/2024

Price change

$2,300,000

-15%

7/26/2024

Price change

$2,700,000

-7%

7/15/2024

Price change

$2,900,000

-7%

6/27/2024

Price change

$3,100,000

-4%

Listed by Marion "Tray" Rankin with Sotheby's Int. RE/Washington
Listing Contact: (502) 295-5822 

The IDX display contains information sourced from the Santa Fe Association of REALTORS® as of 9/19/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Santa Fe Association of REALTORS® all rights reserved.

Data last updated on 9/19/2024 at 3:11 PM UTC

 

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