Property Description

Real Estate Advisors, Tai Bixby and Jacob Rocker are pleased to offer for sale 132 East Marcy Street, a two story masonry office and retail building with a full finished basement at the southwest corner of East Marcy Street and Otero Street in Downtown Santa Fe. The building contains approximately 11,455 SF of net rentable area on a 0.49 acre corner site with frontage on three streets and 36 on-site surface parking spaces, one of the largest private parking fields in the downtown core. The offering combines in-place income with immediate upside. The ground floor office suite of approximately 3,854 SF is leased to a national real estate brokerage. The front suite consisting of 1,820 sf of retail, 1,342 sf of 2nd floor office and 4,439 sf of basement space is vacant, offering immediate lease up upside or a prime owner user opportunity with income in place. Located two blocks from the historic Santa Fe Plaza, the property is surrounded by City Hall, the Santa Fe Community Convention Center, galleries, hotels, restaurants, and the government and professional office corridors of Lincoln and Washington Avenues. BCD, Business Capital District, zoning permits a broad mixture of office, retail, and residential uses, offering flexibility for investors, owner users, and developers alike. Offered at $4,650,000, approximately $405 per rentable square foot. Full lease, rent roll, and operating information are available to qualified purchasers upon execution of a confidentiality agreement. Cooperating brokers welcome. Information deemed reliable but not guaranteed, buyer to verify. Equal Housing Opportunity.

Property Features