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$1,200,000
200 West Devargas Unit 8, Santa Fe, NM 87501
0 Beds
0 Baths
4,718 sqft

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Excellent investment opportunity! Beautifully remodeled office building in Downtown Santa Fe with an automatic three-year leaseback for half of the property. Professional downtown offices bordering the Santa Fe River and conveniently located within walking distance to the Santa Fe Plaza, District Courthouse, State Capitol Building, and the Railyard. The building is comprised of two separate levels that can operate together or independent of one another, if necessary, to accommodate multiple businesses/tenants. The lower level includes 2,268 square feet which includes an elegant conference room; a reception area; a break room/kitchenette; one bathroom; a mail room; two private offices; and a large workspace that can accommodate multiple cubicles. The current owners plan to leaseback the lower unit for $3,000/month for a minimum of three (3) years, with a renewal option. The upper level includes 2,350 square feet with two stairways; Sangre de Cristo mountain and downtown views; 2 kiva fireplaces; 6 private offices; 2 bathrooms; a break room/kitchenette; and a common work space that can also be used as a meeting space. The offices were remodeled in 2016 with numerous upgrades, including: interior/exterior paint; the addition of 7 mini-split units; roofing repairs; new carpet in the second-floor unit; and the addition of a security gate for protected access to the second-floor unit. The property has ample parking available with 16 parking spaces located in the shared parking.
  • Price:
  • $1,200,000
  • Square Footage:
  • 4,718
  • Listing ID #:
  • 202004653
  • Street Address:
  • 200 West Devargas Unit 8
  • City:
  • Santa Fe
  • State:
  • New Mexico
  • Postal Code:
  • 87501
  • County:
  • Santa Fe
  • Community:
  • 1-Sf City Limits Ne
  • Listing Status:
  • Active
  • Listing Type:
  • Office
  • Age Of Dwelling:
  • 31+ Years
  • Construction Description:
  • Adobe, Frame
  • Flooring:
  • Carpeting
  • Miscellaneous Features:
  • Fire Stairs, Gas Water Heater, Inside Storage, Landscape Irrigation, Outside Space, Security Lighting, Security System, Shelving
  • Square Footage Source:
  • Appraiser
  • Total Building Square Footage:
  • 4718
  • Type Of Roof:
  • Flat
  • Conforms To Zoning:
  • Bcdd
  • Existing Land Use:
  • Office
  • Days On Market:
  • 162
  • For Sale Or Lease?:
  • For Sale
  • Lease Type:
  • Other - See Remarks
  • Terms:
  • Cash, Conventional
  • Price Per Square Foot:
  • 254.35
  • Tenant Pays:
  • Other - See Remarks
  • Parking Description:
  • Offi-Site Parking, Parking Lot, Paved
  • Electricity:
  • Public
  • Existing Water:
  • City
  • Gas:
  • Natural
  • Sewage Type:
  • City
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Tara Mowbray of Sotheby's Int. Re/Grant II
  • STFE

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