Caroline D. Russell
(505) 699-0909
$902,000

$902,000
(505) 699-0909
Attractive 2 story office investment in downtown Santa Fe. Originally a house built in 1945, previously converted to office space with 8 offices, 2 bathrooms and a wetbar/kitchenette. Wood and tile floors and wooden architectural staircase create a professional, classy feel. Offered fully leased as an investment, below appraised value. BCD Zoning allows for residential, office, retail, restaurant, hospitality and more. Excellent location just a few doors down from the Georgia Okeeffe Museum, Eldorado Hotel, Terra Cotta Restaurant, Santa Fe Cooking School. Two blocks from the Historic Santa Fe Plaza, the Santa Fe River and 4 blocks from the Railyard which can be accessed on the newly rebuilt Guadalupe Street pedestrian corridor. Leased to a stable, long-term tenant, Civitas Resources, an oil exploration company, until November 2026 in New Mexico, the second largest oil producing state in the US after Texas. Tenant has 2 additional renewal terms of 3 years each with regular rent escalations. 4+ paved spaces in the back. Historic status is "noncontributing" and any changes are subject to review by Historic Design Review Board. See offering memo for current financials.
Tai Bixby
Real Estate Advisors, LLC