200 W San Francisco St | Santa Fe, NM 87501
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200 W San Francisco St
Santa Fe, NM 87501
Investment Property - Historic Plaza District · Retail Property For Sale
Investment Highlights
- Fee-simple ownership. 100% leased; upside potential with conversion of short-term, modified gross leases
- Below replacement costs
- Street-level retail space. Heavy foot traffice
- Hard corner location offers street frontage on three major downtown Santa Fe arterials
- Surrounded by world renowned galleries. Two blocks from The Historic Santa Fe Plaza
- Unique and historic charm. Multiple parking garages within a 1 block radius. 2 blocks from Rail Runner shuttle stop
Executive Summary
Rare Santa Fe Retail Investment Opportunity, two blocks west of The Historic Santa Fe Plaza in the heart of downtown Santa Fe, NM. The property features street-level retail space with a unique historic flare. Tenants benefit from heavy tourist and local foot traffic throughout the area.
Santa Fe is known for its fine art community, set against the backdrop of Santa Fe's southwestern charm. This reputation draws in over 1.1M visitors to the area each year. The Historic Santa Fe Plaza is a must see tourist attraction that features galleries, shops and dining.
Addresses include: 108-124A Galisteo & 200 W San Francisco St, Santa Fe, NM 87501
Santa Fe is known for its fine art community, set against the backdrop of Santa Fe's southwestern charm. This reputation draws in over 1.1M visitors to the area each year. The Historic Santa Fe Plaza is a must see tourist attraction that features galleries, shops and dining.
Addresses include: 108-124A Galisteo & 200 W San Francisco St, Santa Fe, NM 87501
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,267 SF
Building Class
C
Year Built
1928
Price
$3,700,000
Price Per SF
$399
Cap Rate
5.35%
NOI
$198,091
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
0.30 AC
PROPERTY TAXES
| Parcel Number | 012198016 | Improvements Assessment | $1,494,753 |
| Land Assessment | $526,180 | Total Assessment | $2,020,933 |
PROPERTY TAXES
Parcel Number
012198016
Land Assessment
$526,180
Improvements Assessment
$1,494,753
Total Assessment
$2,020,933
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