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$ 3,700,000
Est. payment /mo
Price Dropped by $950K
132 Marcy ST E Santa Fe, NM 87501
0.49 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202603580
HOA Y/N No
Year Built 1970
Lot Size 0.490 Acres
Acres 0.49
Property Sub-Type Retail
Property Description
132 East Marcy Street is an 11,455 SF corner asset in the heart of Downtown Santa Fe, two blocks from the historic Plaza, with 36 on-site parking spaces on a 0.49 acre site with three street frontages (Marcy, Otero and Nusbaum Streets). The 11,455 SF is made up of 7,016 SF of first and second floor retail and office space plus 4,439 SF of finished basement.
The ground floor office suite of approximately 3,854 SF is leased to a national real estate brokerage franchise, providing income in place. The front retail suite of approximately 3,162 SF is vacant, giving a buyer the option to occupy a prime downtown address as an owner user, or to lease up the balance of the space.
The two-story masonry building was built in 1970 and has a full finished basement, forced air heating with central cooling, a flat built up roof, and a poured concrete slab foundation. The paved 36-space surface parking field has curb cuts on Marcy and Nusbaum Streets, approximately 3.1 spaces per 1,000 SF, a scarce amenity in the downtown core.
The property is located at the southwest corner of East Marcy Street and Otero Street, walkable to City Hall, the Santa Fe Community Convention Center, and the gallery and restaurant corridors of Lincoln, Washington, and Palace Avenues. It is zoned BCD (Business Capital District), which permits a broad mixture of office, retail, and residential uses; buyers to verify permitted uses and any historic review requirements for their intended use. The site is in Flood Zone X (minimal flood hazard).
Offered at $3,700,000 ($323 per SF). Rent roll, lease, and operating detail are available to qualified purchasers under a confidentiality agreement.
All square footages, site areas, parking counts and other measurements are approximate. Information deemed reliable but not guaranteed. Buyer to verify. Cooperating brokers welcome. Equal Housing Opportunity.
Listing brokers:
Tai Bixby, CCIM, SIOR, Associate Broker, NM License 40315, 505.577.3524, tai@tba.team
Jacob Rocker, CCIM, Associate Broker, NM License 52736, 505.226.3929, jacob@reanm.com
Real Estate Advisors, LLC, (505) 539-3200
The ground floor office suite of approximately 3,854 SF is leased to a national real estate brokerage franchise, providing income in place. The front retail suite of approximately 3,162 SF is vacant, giving a buyer the option to occupy a prime downtown address as an owner user, or to lease up the balance of the space.
The two-story masonry building was built in 1970 and has a full finished basement, forced air heating with central cooling, a flat built up roof, and a poured concrete slab foundation. The paved 36-space surface parking field has curb cuts on Marcy and Nusbaum Streets, approximately 3.1 spaces per 1,000 SF, a scarce amenity in the downtown core.
The property is located at the southwest corner of East Marcy Street and Otero Street, walkable to City Hall, the Santa Fe Community Convention Center, and the gallery and restaurant corridors of Lincoln, Washington, and Palace Avenues. It is zoned BCD (Business Capital District), which permits a broad mixture of office, retail, and residential uses; buyers to verify permitted uses and any historic review requirements for their intended use. The site is in Flood Zone X (minimal flood hazard).
Offered at $3,700,000 ($323 per SF). Rent roll, lease, and operating detail are available to qualified purchasers under a confidentiality agreement.
All square footages, site areas, parking counts and other measurements are approximate. Information deemed reliable but not guaranteed. Buyer to verify. Cooperating brokers welcome. Equal Housing Opportunity.
Listing brokers:
Tai Bixby, CCIM, SIOR, Associate Broker, NM License 40315, 505.577.3524, tai@tba.team
Jacob Rocker, CCIM, Associate Broker, NM License 52736, 505.226.3929, jacob@reanm.com
Real Estate Advisors, LLC, (505) 539-3200
Location
State NM
County Santa Fe
Zoning BCD
Interior
Fireplace No
Exterior
Water Access Desc Public
Present Use Office,Retail
Total Parking Spaces 36
Private Pool No
Building
Water Public
Others
Tax ID 019000430
Acceptable Financing Cash, Conventional, 1031 Exchange, New Loan
Listing Terms Cash, Conventional, 1031 Exchange, New Loan
Special Listing Condition Standard
Listed by Tai Bixby • Real Estate Advisors, LLC