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216 Washington Ave
Santa Fe, NM 87501
Office Property For Sale
Investment Highlights
- One block from the historic Santa Fe Plaza, in the heart of the Downtown Arts District
- Ten on-site parking spaces at the rear of the building, a rare amenity in this submarket
- Zoned BCD, permitting a wide range of office, retail, and residential uses
- ±4,373 SF single tenant office building, fully leased, offering immediate in place income
- Character rich 1937 stucco building with a finished lower level and a vintage bank vault
- Located within the Downtown and Eastside Historic District, protecting the area from future overbuilding
Executive Summary
Real Estate Advisors, LLC is pleased to offer for sale 216 Washington Avenue, a ±4,373 SF single tenant office building set on a ±0.22 acre lot one block from the historic Santa Fe Plaza. Fully leased and turnkey, the property gives an investor immediate in place income in one of the tightest, most supply constrained office markets in the country, or gives an owner user a rare path to occupy a building of this caliber and location once the current lease runs its course.
Built in 1937 and located within the Downtown and Eastside Historic District, the building combines historic stucco construction with genuine character, including a finished lower level with its own windows and a vintage bank vault still in place. Ten on site parking spaces sit at the rear of the building, accessed from a private drive, a scarce amenity for a Washington Avenue address. Zoning is BCD, Business Capitol District, Marcy Subdistrict, which permits office, retail, and residential uses and gives a future owner real flexibility. Property is in foreclosure and receivership, sale is subject to approval by the court and lender.
Built in 1937 and located within the Downtown and Eastside Historic District, the building combines historic stucco construction with genuine character, including a finished lower level with its own windows and a vintage bank vault still in place. Ten on site parking spaces sit at the rear of the building, accessed from a private drive, a scarce amenity for a Washington Avenue address. Zoning is BCD, Business Capitol District, Marcy Subdistrict, which permits office, retail, and residential uses and gives a future owner real flexibility. Property is in foreclosure and receivership, sale is subject to approval by the court and lender.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,033 SF
Building Class
B
Year Built
1937
Price
$4,132,800 CAD
Price Per SF
$1,024.75 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,033 SF
Building FAR
0.39
Lot Size
0.24 AC
Zoning
BCD - Business Capital District
Parking
8 Spaces (1.98 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 012472250 | Improvements Assessment | $1,307,495 CAD |
| Land Assessment | $656,950 CAD | Total Assessment | $1,964,445 CAD |
Property Taxes
Parcel Number
012472250
Land Assessment
$656,950 CAD
Improvements Assessment
$1,307,495 CAD
Total Assessment
$1,964,445 CAD
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