22
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$1,600,000
Est. payment /mo
10,454 Sqft Lot
Active
304 Johnson Santa Fe, NM 87501
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202502254
HOA Y/N No
Year Built 1900
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Retail
Property Description
Since 2013, the property has been home to Terracotta Wine Bistro, a well-established and highly regarded restaurant known for its award-winning cuisine and curated wine list. The restaurant's success and reputation have contributed to a stable, long-term commercial tenancy that provides consistent income. Their continued presence not only adds credibility and vibrancy to the property but also ensures a level of operational continuity that appeals to investors seeking dependable returns. The property presents a compelling value-add opportunity through the conversion of its long-term residential rental units into short-term hospitality accommodations. With Santa Fe's strong tourism market, short-term rentals command significantly higher rates, offering the potential for increased cash flow. Additionally, an underutilized garage space could be converted into heated square footage, potentially allowing for the addition of a third studio unit. These upgrades would enhance both the income potential and overall value of the property.
Location
State NM
County Santa Fe
Zoning BCD
Interior
Fireplace No
Exterior
Parking Features Parking Available
Water Access Desc Public
Present Use Other,Retail
Private Pool No
Building
Sewer Public Sewer
Water Public
Others
Tax ID 011409280
Acceptable Financing Cash, Conventional, New Loan
Listing Terms Cash, Conventional, New Loan
Special Listing Condition Standard
Listed by Jacob Rocker • Real Estate Advisors, LLC