37
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$2,300,000
Est. payment /mo
2.45 Acres Lot
Active
4 Banana LN Santa Fe, NM 87506
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202402095
HOA Y/N No
Year Built 1980
Lot Size 2.450 Acres
Acres 2.45
Property Sub-Type Mixed Use
Property Description
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.
Location
State NM
County Santa Fe
Zoning C-2
Interior
Flooring Tile
Fireplace No
Exterior
Parking Features Paved, Parking Available, Parking Lot
Utilities Available High Speed Internet Available, Electricity Available
Water Access Desc Private,Well
Present Use Restaurant
Total Parking Spaces 122
Private Pool No
Building
Sewer Septic Tank
Water Private, Well
Others
Tax ID 036006464
Acceptable Financing Cash, Conventional, New Loan
Listing Terms Cash, Conventional, New Loan
Listed by Marion "Tray" Rankin • Sotheby's Int. RE/Washington