121 Sandoval Street Santa Fe, NM $ 8,250,000
121 Sandoval Street
$ 8,250,000
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121 Sandoval Street

Santa Fe, NM, 87501
$ 8,250,000
Baths0.0 Sq 31,230

Monthly Estimate*

$ 57,629

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Studio

Commercial Property for sale in Santa Fe, NM

for $8,250,000. This 31,230 square foot building was built in 1971 on a lot size of 0.7.

• 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.

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Commercial Active

Price

$ 8,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

0.7

Year Built

1971

Town/City

Santa Fe

County/Region

Santa Fe

MLS | Web ID

202400821

Features
General
Sewer PublicSewer
Possession ClosingFunding Negotiable
Roof Flat
Zoning BCD
Year Built 1971
Property SubType Retail
Current Use Office Retail Warehouse
Business Type Commercial LiveWork Mixed ProfessionalOffice Retail Showroom
County Santa Fe
Property Type CommercialSale
Possible Use Commercial Gallery LiveWork MixedUse Office Retail
Garage Y/N No
Status Active
Directions On the corner of Sandoval and Water Street
City Santa Fe
Buyer Agent Compensation 0
Zoning Description BCD Zoning allows for office retail residential hospitality and more.
Lot Size Square Feet 30274.2
Street Name Sandoval
Listing Terms Cash Conventional NewLoan
Land Lease Y/N No
MLS Area Minor 1-SF City Limits NE
Lease Considered Y/N No
Days on Market 3
Building Area Units SquareFeet
Lease Type Gross ModifiedGross
Standard Status Active
Year Built Source Assessor
Property Sub Type Additional MixedUse
Buyer Agent Compensation Type Item1
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Exterior
Water Source Public
Total Parking 43.0
Lot Size Area 0.7
Foundation Details Basement
Building Area Total 31230.0
Lot Size Acres 0.7
Lot Size Units Acres
Lot Size Source Survey
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Interior
Basement (Y/N) No
Fireplace Y/N No
Street Suffix Street
Total Baths 0
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Internal Only
Street Number 1 121
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* Excluded Features
List By
Tai Bixby

Listing Agent

Real Estate Advisors, Llc

Broker

tai@tba.team

Email

Affordability Calculator

$57,629
Per Month
100%
0%
0%
Monthly Principal & Interest
$57,629
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
831258 Elementary School
830993 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/12/2024$8,250,000 Listed Price

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121 Sandoval Street, Santa Fe, NM, 87501 is a Commercial Property for sale at $8,250,000 with 31,230 sqft and a lot size of 0.7. 121 Sandoval Street is a studio with 0.0 baths and was built in 1971. The property's zip code is 87501 which is in Santa Fe, NM