237 E Palace AVE, Santa Fe, NM 87501

$2,990,000

Est. payment /mo

$2,950,000

1.4%
Est.Price: ?

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237 E Palace AVE Santa Fe, NM 87501

0.59 Acres Lot

SOLD DATE : 04/01/2026

Key Details

Sold Price $2,990,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 202501400

Sold Date 04/01/26

HOA Y/N No

Year Built 1876

Lot Size 0.590 Acres

Acres 0.59

Property Sub-Type Retail

Property Description

Iconic Downtown Santa Fe Corner – 237 E Palace Avenue. Position your brand at the epicenter of Santa Fe's cultural and commercial pulse with this trophy property on one of the most recognizable and visible intersections in downtown. With roots dating to the 1880s and a commanding presence just steps from the Plaza, this historic adobe building—currently home to the acclaimed Peyton Wright Gallery—offers unmatched visibility, foot traffic, and architectural prestige for a business visionary. With a façade that has stood the test of time and a name synonymous with Santa Fe history, 237 delivers heritage, elegance, and strategic location—ideal for businesses or institutions looking to make a lasting statement. Imagine 5,760 square feet of elegant, adaptive space with a voluminous second floor. The current configuration—meticulously renovated in 1998 to preserve architectural integrity while supporting gallery use, features wide galleries, high ceilings, and open circulation—lending itself naturally to a retail flagship, high-profile institutional user, upscale professional office, or destination showroom with ample room to build an additional structure on the .59-acre lot. This is more than a property—it is a cultural artifact and a blank slate, ready to embrace and enhance its next discerning owner.

Location

State NM

County Santa Fe

Zoning BCD,Historic

Interior

Flooring Tile, Wood

Fireplace No

Exterior

Parking Features Parking Available

Utilities Available Electricity Available

Water Access Desc Public

Roof Type Pitched

Present Use Office,Other,Retail

Total Parking Spaces 30

Private Pool No

Building

Sewer Public Sewer

Water Public

Others

Tax ID 010513536

Security Features Surveillance System

Acceptable Financing Cash, Conventional, 1031 Exchange, New Loan

Listing Terms Cash, Conventional, 1031 Exchange, New Loan

Financing Cash

Special Listing Condition Standard

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Santa Fe MLS (SFARMLS)
Listed by Natalie Rivera Benavent • Barker Realty, LLC
Bought with Natalie Rivera Benavent • Barker Realty, LLC
David Gustafson

David Gustafson

License ID: REC-2023-1104

+1(505) 375-2030

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