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…
MLS: 202402095
List Date: 06-26-2024
Status: Active
Area: 16-Pojoaque Valley
Type: Mixed Use
Acres: 2.45
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.
Construction Materials:Frame
Days on Market:150
Flooring:Tile
Parking Features:Paved, Parking Available, Parking Lot
Parking Spaces:122
Property Type:Commercial Building
Property Sub Type:Mixed Use
Sewage:Septic Tank
Utilities:High Speed Internet Available, Electricity Available
Water Source:Private, Well
Zoning:C-2
These small communities are located in the southern Sangre de Cristo Mountains along Interstate 25 on the east side of Glorieta Pass (elevation 7500 ft.). With many homes backing up to National Forest land, these areas are ideal for those wanting peaceful seclusion within commuting distance of Santa Fe.
Marion Tray Rankin
Sotheby’s Int. RE/Washington
