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David Gustafson

davidsantafe@kw.com +1(505) 375-2030

$ 2,900,000

Est. payment -/mo

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Price Dropped by $900K

142 W Palace Santa Fe, NM 87501

0.39 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202600184

HOA Y/N No

Year Built 1955

Lot Size 0.390 Acres

Acres 0.39

Property Sub-Type Office

Property Description

In the heart of Downtown Santa Fe Plaza, the Bokum Building offers three stories of beautiful downtown views and also includes the fully leased restaurant space located at 28-32 Burro Alley. Just moments from world-class galleries—including the new multi-million-dollar Georgia O'Keeffe Museum, fine dining, premier retail, government buildings, the Santa Fe Convention Center, and much more. This charming property features direct street access on Palace Ave with ADA accessibility. The first floor, approx. 4,060/sf, includes 12 offices, open work areas, and in-suite restrooms. The second floor, accessible by both elevator and stairs, spans approx. 8,197/sf and includes 18 offices, a conference room, an oversized meeting/training area, a large kitchenette, in-suite restrooms with stalls, and excellent downtown views. The third floor, approx. 3,123/sf, serves as the executive suite, complete with an in-suite kitchenette, private shower, and built-in cabinetry. This level includes 9 private offices and open work areas, with the far end of the suite boasting sweeping views of the Plaza and the Sangre de Cristo Mountains. Additional basement storage provides approx. 1,921/sf. The ±1,706 SF restaurant space at 28–32 Burro Alley is home to a long-established Mexican restaurant and occupies the historic site of the legendary Doña Tules' Gambling Hall—an iconic piece of Santa Fe history. The property also offers 18 offsite parking spaces at 22 Chappelle Street that will convey with the sale of the property —an exceptional amenity in the downtown core. This is a rare opportunity to occupy one of Santa Fe's most desirable versatile BCD zoned properties in the heart of its vibrant historic district.

Location

State NM

County Santa Fe

Community High Traffic Location

Zoning BCD

Interior

Fireplace No

Exterior

Parking Features Off Site, Parking Lot, On Street

Community Features High Traffic Location

Utilities Available Other

Amenities Available Elevator(s)

Water Access Desc Public

Roof Type Flat

Present Use Office

Private Pool No

Building

Foundation Basement

Sewer Public Sewer

Water Public

Others

Tax ID 910019703

Acceptable Financing Cash, Cash to Existing Loan, Conventional, 1031 Exchange, Lease Purchase, New Loan, Trade

Listing Terms Cash, Cash to Existing Loan, Conventional, 1031 Exchange, Lease Purchase, New Loan, Trade

Special Listing Condition Standard

Listed by Cozette E. Hansen • Barker Realty, LLC

David Gustafson

License ID: REC-2023-1104

+1(505) 375-2030

David Gustafson

142 W Palace Santa Fe, NM 87501

Key Details

Location

Interior

Exterior

Building

Others

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142 W Palace