$1,200,000

200 West Devargas Unit 8

Santa Fe NM, 87501

Description

Excellent investment opportunity! Beautifully remodeled office building in Downtown Santa Fe with an automatic three-year leaseback for half of the property. Professional downtown offices bordering the Santa Fe River and conveniently located within walking distance to the Santa Fe Plaza, District Courthouse, State Capitol Building, and the Railyard. The building is comprised of two separate levels that can operate together or independent of one another, if necessary, to accommodate multiple businesses/tenants. The lower level includes 2,268 square feet which includes an elegant conference room; a reception area; a break room/kitchenette; one bathroom; a mail room; two private offices; and a large workspace that can accommodate multiple cubicles. The current owners plan to leaseback the lower unit for $3,000/month for a minimum of three (3) years, with a renewal option. The upper level includes 2,350 square feet with two stairways; Sangre de Cristo mountain and downtown views; 2 kiva fireplaces; 6 private offices; 2 bathrooms; a break room/kitchenette; and a common work space that can also be used as a meeting space. The offices were remodeled in 2016 with numerous upgrades, including: interior/exterior paint; the addition of 7 mini-split units; roofing repairs; new carpet in the second-floor unit; and the addition of a security gate for protected access to the second-floor unit. The property has ample parking available with 16 parking spaces located in the shared parking.

Details

MLS#202004653
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site34

Features

SQ Feet4,718
Story(s)1
ZoningBCDD
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Area Information
StateNM
CountySanta Fe
CitySanta Fe
Zip Code87501
Area1-SF City Limits NE
Listing VS Median (in 87501)
Price:
$1,200,000
low | high
Med:
$585,000
100% of Average
SqFt:
4,718
low | high
Med:
2,437
98.346757100466% of Average
$ / SqFt:
$254
low | high
Med:
$240
55.620640131309% of Average
On Site:
34
low | high
Med:
83
40.963855421687% of Average
Nearby Listings (Within 1/4 mile)
Price: $0 - $0
SqFt: 3,500 - 5,500
Nearby Listings Property ImageNearby Listings Details
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418 Cerrillos Rd.
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50 E San Francisco Street
Santa Fe, NM 87501
Listing Updated: December 2, 2020 8:09:19 PM PST
Tara Mowbray LogoMLS Number: 202004653
Listing Provided By:
Tara Mowbray  of  Sothebys Int. RE Grant II
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Santa Fe Association of REALTORS