Santa Fe, NM Retail Property For Sale

HIGHLIGHTS

• BUILDING: 5,051 existing restaurant building (Condo Unit A) with 1,100sf± patio

• LAND: 26,427 sf (Parcel C & Triangle)

• Offering includes existing condo unit and reserved development rights covering a

parking area that can be converted to additional condominium units.

• High Traffic Corner at intersection of St Francis & Cerillos Rd with 72,000 VPD±

• Located in a dense commercial corridor between Whole Foods, Trader Joes,

Walgreens, CVS and many other national credit businesses.

• Zoning: BCD (Cerrillos Subdistrict) allows for retail, banking, restaurants, drive through,

quick serve restaurants, hospitality, office and most commercial uses. Residential not

allowed per condominium rules.

• Maximum development height: 45 feet

• Parking spaces: 152± parking spaces shared with all Crossroads Center tenant. BCD

zoning requires parking ratio of 1:350sf for retail or 1:500 for office.

PROPERTY DESCRIPTION

This restaurant building with excess land is one of the last developable sites near the center of Santa Fe for retail. This is an offering of several components of a commercial condominium known as the Pen Road Center Condominium, branded as “Crossroads Center” at 1005 South St Francis Drive in Santa Fe, New Mexico. The existing building houses Tiny’s Restaurant and Lounge, a local favorite for decades. The building constitutes condominium unit A and which measures 5,051sf as well as the associated limited common elements. The building (Unit A) and associated parking are on the Parcel C Reserved Development Right (“RDR”) measuring 22,267sf± plus a triangular parcel measuring 4,160sf±. The

triangle can be added to the condominium. Under the New Mexico Condominium Act, and per the terms of the Condominium Declaration, the RDR can be converted to up to 6 condominium units once construction of the new units have been substantially completed. The Parcel C RDR expires on June 25, 2025. In addition, the offering includes a 50% undivided interest in the Parcel B RDR. The other 50% undivided interest belongs to the owner of parcel A. See condominium plat later in offering memo for details. Development of Parcel B RDR will require consent and cooperation of both owners. Construction on the Reserved Development Rights is subject to permitting and development requirements of the City of Santa Fe and depends on factors like the intended use, parking requirements, access, traffic and other factors.

Location, Location, Location…! This A Location represents the ideal site selection for any owner/developer. With premiere access to the site, bustling activity in the area, ample parking for patrons, exceptional Signage, staggering traffic counts, unbeatable visibility, and proximity to national tenants being abundant- it’s no wonder this property is perfect for your business! This rock-solid Block Construction presents the perfect opportunity to own your slice of Santa Fe. Recent upgrades and amenities include an updated rubber roof, updated heating and cooling with high-efficiency thermostats, upgraded electrical service, porcelain tile floors, new asphalt parking, an upgraded Monument Sign, and updated lighting. Don’t hesitate to make this space yours today before someone else jumps on your dream.

This iconic restaurant and retail property is sited at the gateway of historic Canyon Road as a premier address for art and tourism in North America. It represents a business opportunity with a proven and prestigious location. The front of the property consists of two large patios and portals which welcome shoppers and patrons and overlooks highly trafficked and year-round pedestrian visibility. With over 4,600 square feet, the building is traditional Pueblo architecture offset with whimsical and colorful murals hand painted by the award-winning Hispanic Market Santa Fe native, Robb Rael. The restaurant is sectioned into multiple dining areas with arched adobe walls and hand carved woodwork. The retail space is bright and light-filled and opens to a third private patio ideal for intimate, private events. Both spaces feature wood-burning fireplaces that add warmth, ambiance and authenticity. There are four off-street parking spaces on-site. Zoned as residential and commercial, the property is metered as one unit.

The Rainmaker Center & Lodge is intended to be developed just north of the Aldea de Santa Fe Plaza. The entire project will be developed across a total of 11.7 acres and is split into two phases. Entitlements and water rights are already in place. Phase I is on 5.44 acres listed here and is approved for 26 condos or apartments. Phase II will include 25 lodge units, a wellness center, a media center and rooms for seminars, meetings and treatments. The Rainmaker project was designed to be focused on wellness, community development and the design and development of sustainable concepts and technologies.

The EZA approved the master plan for the Rainmaker project in February 2005.

All you need to get the ball rolling is to purchase the land and secure your final drawings for county approval, to proceed with permitting and construction. Along with an outright purchase, the owner would also consider subordinating to a development/construction loan or entering into a joint venture with a qualified developer or contractor.

There are 3 building and two were the home of the iconic Second Street Brewery. One is leased to Forma Salon. 1814 Second Street with 3,555 sq. ft. offers a walk-in cooler and a hood in the kitchen area. 1812 Second Street with 1,673 sq. ft. offers a walk-in cooler as well. Seller will consider owner carry with 20% down.

Rare Santa Fe Retail Investment Opportunity, two blocks west of the Historic Santa Fe Plaza in the heart of downtown Santa Fe, NM. The property features street-level retail space with a unique historic flare. Tenants benefit from heavy tourist and local foot traffic throughout the area.

Santa Fe is known for its fine art community, set against the backdrop of Santa Fe's southwestern charm. This reputation draws in over 1.1M visitors to the area each year. The Historic Santa Fe Plaza is a must see tourist attraction that features galleries, shops and dining.

Property includes: 108-124A Galisteo & 200 W. San Francisco St, Santa Fe NM

Proposed one acre parcel carve out in between JC Penney and Harley Davidson of Santa Fe. The parcel will be located just south of the signalized intersection of Zafarano and Rodeo Drive. Approximately 38,000 vpd at the intersection. Parcel will have frontage along the Santa Fe Place ring road which provides circulation throughout the mall property.

Parcel will be located between JC Penney, Rodeo Road mall entrance (signalized) and Via Linda Park which is a popular location for City of Santa Fe and mall outdoor events.

-Improved Pad Site

-Frontage on Airport Rd.

-Adjacent to National Retail

-Located in Underserved Trade Area

-Excellent Access off Airport Rd.

-Visible to over 30,000 cars per day

Prime commercial property located on the first block of Canyon Road with great foot traffic. Traditional Santa Fe character. Three separate units fully leased with established tenants. Two retail spaces and a small cafe. This property sits above street level with flagstone and colored concrete patio areas for seating and displays. New roof on 223 B & 223 1/2. In the rear are three additional parking spaces.