121 Sandoval Street, Santa Fe, NM

$8,250,000

31,230

Square feet

0.70

Acres

About 121 Sandoval Street

• First Northern Plaza is a mixed-use commercial building for sale 2 blocks from the Santa Fe Plaza in a highly visible location across the street from the Hilton Hotel and the City of Santa Fe Parking Garage. Three story building with a full basement measuring approximately 32,000 ±sf on a 0.695 acre lot. • With great visibility and proximity to many of downtown Santa Fe’s tourist destinations, the property is ripe for redevelopment and reimagined use for hospitality, luxury residential, retail or other income generating possibilities. • BCD Zoning allows for many uses including residential, multifamily, retail, office, medical, dental, hotel, restaurant, bar, club, educational, religious, and more. • Located in “Downtown & East Side Historic District” the property currently has Non-Contributing Historic status. Redevelopment may trigger a status review. • Seller is offering the property for sale in its entirety with 100% of the existing condominium units and leases in place. Tenants include Rocky Mountain Cannabis, Southwestern Association for Indian Art (the Indian Market producers), New Mexico Conservation Voters, attorneys, financial advisors, software and other office users. • Sale is subject to provision of an access easement across the east parking lot for access to Seret & Sons and non-compete restrictions for sale of certain arts and dry goods. • Adjacent properties are also available for sale, inquire with broker.

Features of 121 Sandoval Street

MLS® # 202400821
Price $8,250,000
Bathrooms 0.00
Total Square Footage 31,230
Acres 0.70
Year Built 1971
Type Commercial Sale
Sub-Type Retail
Status Active

Community Information

Address 121 Sandoval Street
Area 1-SF City Limits NE
City Santa Fe
County Santa Fe
State NM
Zip Code 87501

Amenities

Parking Spaces 43
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Roof Flat
Foundation Basement

Additional Information

Date Listed March 12th, 2024
Active Days on Market 39
Zoning BCD
Short Sale No
RE / Bank Owned No

Listing Details

Associate BrokerTai Bixby
OfficeReal Estate Advisors, LLC

Listing Map

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