121 Sandoval Street, Santa Fe

$8,250,000

0 Beds
0 Baths
31,230 Sqft
.7 Acres
0 Garages

• 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.

Essential Information
MLS® #202400821
Price$8,250,000
Bathrooms0.00
Square Footage31,230
Acres0.70
Year Built1971
TypeCommercial Sale
Sub-TypeRetail
StatusActive
Community Information
Address121 Sandoval Street
Area1-SF City Limits NE
CitySanta Fe
CountySanta Fe
StateNM
Zip Code87501
Amenities
Parking Spaces43
Exterior
RoofFlat
FoundationBasement
Additional Information
Date ListedMarch 12th, 2024
Days on Market55
ZoningBCD
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