Sotheby's Int. RE/Washington

4 Banana Lane, Santa Fe, NM

$2,300,000

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9,986

Square feet

2.45

Acres

About 4 Banana Lane

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.

Features of 4 Banana Lane

MLS® # 202402095
Price $2,300,000
Bathrooms 0.00
Square Footage 9,986
Acres 2.45
Year Built 1980
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 4 Banana Lane
Area 16-Pojoaque Valley
City Santa Fe
County Santa Fe
State NM
Zip Code 87506

Amenities

Utilities High Speed Internet Available, Electricity Available
Parking Spaces 122
Parking Paved, Parking Available, Parking Lot
Is Waterfront No
Has Pool No

Interior

Interior Tile
Fireplace No
Has Basement No

Exterior

Exterior Frame
Construction Frame

Additional Information

Date Listed June 26th, 2024
Days on Market 165
Zoning C-2
Short Sale No
RE / Bank Owned No

Listing Details

AgentMarion "tray" Rankin
OfficeSotheby's Int. RE/Washington

Listing Map

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