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 

The IDX display contains information sourced from the Santa Fe Association of REALTORS® as of 3/17/2024. 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.

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Data last updated on 3/17/2024 at 1:07 AM UTC

 

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