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2085 S Pacheco St 0.88 Acres of Commercial Land Offered at $907,348 CAD in Santa Fe, NM 87505

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INVESTMENT HIGHLIGHTS

Approved office development site in City of Santa Fe.
Great location, near major development.

Significant improvements already in place.

EXECUTIVE SUMMARY

Unique opportunity to purchase the right to develop a new building in an existing condominium project. Building 1 (originally developed for the New Mexico Heart Institute) is currently occupied by Nexus Health. The approved development plan includes the right to construct a second building (Building 2 – Building permit required).
Development plans for Building 2 show a Territorial Style, 2-story, 6,125± sf building envelope. The development plan indicates Building 2 could be increased up to 9,525± rentable sf and still support 1 parking space per 200 rentable sf (plan requirement). Any increase in size may be subject approval.

Flyer

PROPERTY FACTS

Price	$907,348 CAD	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial
No. Lots	1	Total Lot Size	0.88 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-1 - Office and Related Commercial District - City of Santa Fe

Price	$907,348 CAD
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial
Total Lot Size	0.88 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-1 - Office and Related Commercial District - City of Santa Fe

1 LOT AVAILABLE

Lot

Price	$907,348 CAD	Lot Size	0.88 AC
Price Per AC	$1,031,077.30 CAD

Price	$907,348 CAD
Price Per AC	$1,031,077.30 CAD
Lot Size	0.88 AC

SALE PRICE: $650,000 LEASE RATE: See broker Possible build-to-suite, see broker for more details LEGAL DESCRIPTION: Reserved Development Right to Create an Additional 6 Units of Pacheco Plaza Office Condominium.

DESCRIPTION

Approved office development site, located in an existing condominium development. Significant improvements already in place, including landscaping and parking lot. Hard to find opportunity with significant barriers to new development. Near major development - Christus St. Vincent's Hospital ($80 million expansion underway), Los Alamos National Laboratories Office/Administration (500 employees), Smith’s Grocery, Starbuck’s Coffee, State Employees Credit Union, Wells Fargo, USPS and others. Great location with easy access to St. Francis Drive and St. Michaels Drive. Specular views of the Santa Fe National tional Forest to the east. Possible visibility from St. Francis Drive.