Downtown Santa Fe Corner Retail/Office

Overview

Real Estate Advisors, LLC is 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 9,309 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. 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. The ground floor office suite of approximately 3,854 SF was most recently leased to a national brokerage franchise, and the building has a long history of stable office and retail tenancy. Current rent roll and operating information are available to qualified purchasers upon execution of a confidentiality agreement. Property is in foreclosure and receivership. Seller has limited knowledge of recent operational history due to receivership. Sale subject to approval by lender, receiver and the court.