Property Description

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 commercial 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
: 122
: Parking Lot, Paved, Parkingavailable
$0
: Septic Tank
Address Map
NM
Santa Fe
Santa Fe
87506
4 Banana Lane
0
W106° 0' 35.5''
N35° 50' 34.1''
Additional Information
Sotheby's Int. RE/Washington
Marion "Tray" Rankin
$0
9,986 Sqft
: Other, Publicrestrooms, Seeremarks, Kitchenfacilities, Livingarea, Pavedyard
: Restaurant, Livework
9.48
: Frame
84
84
16-pojoaque Valley
From Santa Fe: 285 N/US-84 W/S, take exit 176 toward Cuyamungue, continue onto US-285 Frontage/US-84 Frontage W, turn right onto Banana Ln.
$0
: Tile
Cash,Conventional,NewLoan
$0
036006464
$0
: Electricity Available, Highspeedinternetavailable
C-2

Commercial Sale

4 Banana Lane, Santa Fe, New Mexico 87506

106,678 Sqft
Visits : 515 in 153 days
$2,300,000
Listing ID #202402095
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 202402095
Price : $2,300,000
Year Built : 1980
Acres : 2.45 Acre
Lot Area : 106,678 Sqft
Status : Active
Property Sub Type : Mixed Use
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