4 Banana Lane

$2,300,000

1 of 37

4 Banana Lane

$2,300,000

Contact Presenting Broker

    Caroline Russell

    Caroline D. Russell

    (505) 699-0909

    Key Features

    • MLS: 202402095
    • Status: Active
    • Price: $2,300,000
    • Area: 16-Pojoaque Valley
    • Type: Mixed Use
    • Acres: 2.45

    About this Property

    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.

    Additional Features

    • Type Mixed Use
    • Days On Market 160
    • Parking FeaturesPaved, Parking Available, Parking Lot
    • Parking Spaces122
    • UtilitiesHigh Speed Internet Available, Electricity Available
    • FlooringTile
    • Construction MaterialsFrame
    • Water SourcePrivate, Well
    • SewageSeptic Tank

    Neighborhoods

    Nambe Area

    The areas to the north between Santa Fe and Taos possess some of the most spectacular and varied landscapes in New Mexico. Beautiful communities line the Taos Gorge and the Rio Grande like Espanola, Velarde & Dixon along what is called the 'Low Road' to Taos. The 'High Road' is…

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