4 Banana Ln, Santa Fe, NM 87506
7,379 SF | Retail Building | Santa Fe, NM 87506 | $2,700,000 ($366/SF) | 9.48% Cap Rate
For Sale
Active
Asking Price $2,700,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 7,379 SF
- Price / Square Foot
- $366
Listing Contacts
Tray Rankin
Property Overview
REAL ESTATE ONLY SALE - BUSINESS IS NOT FOR SALE ((NO SIGN ON PROPERTY))
FIRST RIGHT OF REFUSAL (TENANT ON SITE) 9.48% CAP Rate with the potential to increase upon future lease of rental units onsite. The tenant lease has annual increases also increasing the future CAP Rate. 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.
Showings cannot take place during business hours, Wed-Mon 11:30am - 8:30pm. 48hr notice required. Preliminary Title is open with Michaelene Sargent of Stewart Title Co. Square footage of residential units or restaurant is not warranted by seller or sellers broker. If square footage is of material interest, buyer must have it independently verified. Fires in fireplaces may be photo shopped. Functionality of fireplaces should be verified by buyers. If construction type (e.g. Adobe) is of material consideration to the Buyer then Buyer should obtain independent verification of construction type and materials.
FIRST RIGHT OF REFUSAL (TENANT ON SITE) 9.48% CAP Rate with the potential to increase upon future lease of rental units onsite. The tenant lease has annual increases also increasing the future CAP Rate. 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.
Showings cannot take place during business hours, Wed-Mon 11:30am - 8:30pm. 48hr notice required. Preliminary Title is open with Michaelene Sargent of Stewart Title Co. Square footage of residential units or restaurant is not warranted by seller or sellers broker. If square footage is of material interest, buyer must have it independently verified. Fires in fireplaces may be photo shopped. Functionality of fireplaces should be verified by buyers. If construction type (e.g. Adobe) is of material consideration to the Buyer then Buyer should obtain independent verification of construction type and materials.
Property Details
- Class
- C
- Year Built/Renovated
- 1980/1993
- Stories
- 1
- Lot Size (sq. ft)
- 106,722 SF
Highlights
- Excellent location
- Commercial and residential
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