4 Banana Ln - Restaurant FOR SALE


Santa Fe, NM 87506
$2,300,000 USD
502-295-5822
4 Banana Ln, Santa Fe, NM for Sale
$2,300,000 USD
Restaurant - FOR SALE
1/35
null | 11.4% Cap Rate

4 Banana Ln
Santa Fe, NM 87506


HIGHLIGHTS

  • Excellent location
  • Commercial and residential

OVERVIEW

REAL ESTATE ONLY SALE - BUSINESS IS NOT FOR SALE ((NO SIGN ON PROPERTY)) FIRST RIGHT OF REFUSAL (TENANT ON SITE) 11.4% CAP Rate with the potential to increase upon future lease of rental units onsite. The tenant lease has annual increases also increasing the future CAP Rate. 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. Showings cannot take place during business hours, Wed-Mon 11:30am - 8:30pm. 48hr notice required. Preliminary Title is open with Michaelene Sargent of Stewart Title Co. Square footage of residential units or restaurant is not warranted by seller or sellers broker. If square footage is of material interest, buyer must have it independently verified. Fires in fireplaces may be photo shopped. Functionality of fireplaces should be verified by buyers. If construction type (e.g. Adobe) is of material consideration to the Buyer then Buyer should obtain independent verification of construction type and materials.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$234 USD /SF

CAP RATE

11.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Gabriel's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

122

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

C-2

APN/PARCEL ID

110000968

ASK ABOUT THIS PROPERTY

Tray RankinSotheby's International RealtyMore Info
502-295-5822

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Tray RankinSotheby's International RealtyMore Info
502-295-5822

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.