Active
121 Sandoval Street
Santa Fe NM, 87501
$8,250,000
$264.17 per sqft
Active
31,230 sqft
Commercial
Built in 1971
* First Northern Plaza is a mixed-use commercial building for sale 2 blocks from the Santa Fe Plaza in a highly visible location across the street from the Hilton Hotel and the City of Santa Fe Parking Garage. Three story building with a full basement measuring approximately 32,000 +-sf on a 0.695 acre lot.
* With great visibility and proximity to many of downtown Santa Fe's tourist destinations, the property is ripe for redevelopment and reimagined use for hospitality, luxury residential, retail or other income generating possibilities.
* BCD Zoning allows for many uses including residential, multifamily, retail, office, medical, dental, hotel, restaurant, bar, club, educational, religious, and more.
* Located in "Downtown & East Side Historic District" the property currently has Non-Contributing Historic status. Redevelopment may trigger a status review.
* Seller is offering the property for sale in its entirety with 100% of the existing condominium units and leases in place. Tenants include Rocky Mountain Cannabis, Southwestern Association for Indian Art (the Indian Market producers), New Mexico Conservation Voters, attorneys, financial advisors, software and other office users.
* Sale is subject to provision of an access easement across the east parking lot for access to Seret & Sons and non-compete restrictions for sale of certain arts and dry goods.
* Adjacent properties are also available for sale, inquire with broker.
202400821
MLSⓇ ID
March 12, 2024
Listed
March 17, 2024
Updated
Map
121 Sandoval Street
Santa Fe NM, 87501
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.7 Acres
Roof
Flat
Sewer
Public Sewer
Other Property Details
Days on Market
3
Garage
No
Parking Total
43
View
No
County
Santa Fe
Water Source
Public
Pool
No
Zoning
BCD
Listed by Tai Bixby with Real Estate Advisors, LLC
Listing Contact: (505) 577-3524
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Data last updated on 3/17/2024 at 1:07 AM UTC