121 Sandoval Street

$8,250,000

1 of 25

121 Sandoval Street

$8,250,000

Contact Presenting Broker

    Paul Duran

    505.310.5566

    Key Features

    • MLS: 202400821
    • Status: Active
    • Price: $8,250,000
    • Area: 1-SF City Limits NE
    • Type: Retail
    • Acres: 0.7

    About this Property

    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.

    Additional Features

    • Type Retail
    • Days On Market 127
    • Parking Spaces43
    • RoofFlat
    • Water SourcePublic
    • SewagePublic Sewer

    Neighborhoods

    Santa Fe City Northeast

    The Northeast of Santa Fe, within city limits, combines the pleasures of quiet living with the conveniences of location. On every tree-lined street are examples of newer, award-winning architecture and well-established, older adobes. In addition to the famous Plaza, this area includes all the land reaching up to the Jemez…

    Schools

    Listing Brokerage

    IDX listing

    Tai Bixby

    Real Estate Advisors, LLC

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