203 W Water Street Santa Fe, NM $ 1,495,000
203 W Water Street
$ 1,495,000
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203 W Water Street

Santa Fe, NM, 87501
$ 1,495,000
Baths0.0 Sq 2,988

Monthly Estimate*

$ 9,936

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Studio

Commercial Property for sale in Santa Fe, NM

for $1,495,000. This 2,988 square foot building was built in 1950 on a lot size of 0.08.

This is a very rare opportunity for an owner/operator or investor to purchase a historic commercial property in the heart of downtown Santa Fe just off the Plaza. Santa Fe continues to be one of the top destinations in the country and was just named the number two Best City to visit in the US by Travel and Leasure. The building is surrounded by some of the best galleries, shops, and restaurants in town. The zoning is BCD which is highly sought after due to the flexibility it affords - nearly any business is allowed along with residential or live/work. There is beautiful hardwood flooring, exposed beams, plaster walls, 3 changing rooms, a sizable storage room, a small office, a kitchenette, and a bathroom. Possible uses include gallery space, retail, and office space. The entire West wall of the building is not adjacent to another structure and has open space - very rare for downtown. The space is highly visible as it is on one of the highest-trafficked walking corridors in Santa Fe. A large public parking garage is located just a few doors away. The building is priced under market value at ~$500/sq. ft. Schedule a showing today and Don't miss this great opportunity to own a part of downtown Santa Fe!

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Commercial Active

Price

$ 1,495,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

0.08

Year Built

1950

Town/City

Santa Fe

County/Region

Santa Fe

MLS | Web ID

202339076

Features
General
Sewer PublicSewer
Utilities ElectricityAvailable
Possession ClosingFunding
Roof Flat
Zoning BCD Historic
Construction Materials Adobe Frame
Year Built 1950
Property SubType Retail
Current Use Retail
Business Type Commercial LiveWork Mixed ProfessionalOffice Retail Showroom
County Santa Fe
Property Type CommercialSale
Possible Use Commercial MixedUse Office Retail Warehouse Gallery
Garage Y/N No
Status Active
Directions Cerrillos Rd. north to Sandoval St. After Alameda turn right on Water St. 203 is on the left.
City Santa Fe
Disclosures LeadBasedPaintDisclosure
Lot Size Units Acres
Lot Size Square Feet 3314.0
Street Name Water
Listing Terms Cash Conventional
Year Built Details Year built is unknown - seller thinks it was constructed in the 1950s. Buyer to verify if of importance.
MLS Area Minor 1-SF City Limits NE
Lease Considered Y/N No
Days on Market 7
Building Area Units SquareFeet
Lease Type None
Standard Status Active
Year Built Source SeeRemarks
Property Sub Type Additional Retail
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Interior
Flooring Carpet Tile Wood
Basement (Y/N) No
Fireplace Y/N No
Street Suffix Street
Total Baths 0
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Exterior
Parking Features Garage OffSite OnStreet
Water Source Public
Total Parking 0.0
Lot Size Area 0.08
Building Area Total 2988.0
Lot Size Acres 0.08
Lot Size Source PublicRecords
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Internal Only
Street Number 1 203
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* Excluded Features
List By
Stephen J. Hardy

Listing Agent

Hardy & Company

Broker

shardy@hardy-co.com

Email

Affordability Calculator

$9,936
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,936
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
831258 Elementary School
830993 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/13/2023$1,495,000 Listed Price

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203 W Water Street, Santa Fe, NM, 87501 is a Commercial Property for sale at $1,495,000 with 2,988 sqft and a lot size of 0.08. 203 W Water Street is a studio with 0.0 baths and was built in 1950. The property's zip code is 87501 which is in Santa Fe, NM