Sotheby's Int. RE/Washington
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 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® # | 202402097 |
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Price | $2,300,000 |
Bedrooms | 5 |
Bathrooms | 4.00 |
Full Baths | 4 |
Square Footage | 2,309 |
Square Footage | 2309 SquareFeet |
Acres | 2.45 |
Year Built | 1980 |
Type | Residential |
Sub-Type | Single Family Residence |
Style | Multi-Level, Pueblo |
Status | Active |
Community Information
Address | 4 Banana Lane |
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Area | 16-Pojoaque Valley |
City | Santa Fe |
County | Santa Fe |
State | NM |
Zip Code | 87506 |
Amenities
Utilities | Electricity Available |
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Parking Spaces | 15 |
Parking | Carport |
# of Garages | 2 |
Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | Interior Steps |
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Heating | Forced Air |
Cooling | Central Air, Refrigerated |
Fireplace | No |
Stories | Two, Multi/Split |
Has Basement | No |
Exterior
Exterior | Frame |
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Roof | Foam |
Construction | Frame |
School Information
Elementary | Pojoaque |
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Middle | Pojoaque Jr High |
High | Pojoaque High School |
Additional Information
Date Listed | June 26th, 2024 |
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Days on Market | 157 |
Zoning | C-2 |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Marion "tray" Rankin |
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Office | Sotheby's Int. RE/Washington |