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4 Banana Lane

Santa Fe, NM 87506
  • $2,300,000
  • STATUS: Active
  • ON SITE: 134 Days
  • MLS #: 202402097
UPDATED: 24 min ago
$2,300,000
  • 5
    BEDS
  • 2.45
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,309
    SQFT
  • $996
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1980
County:

School Information

Elementary School:
Middle School:
High School:

Description

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 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.

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Santa Fe Association of Realtors logo © 2024 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than The Very Best Santa Fe Team - Keller Williams are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-11-08T21:51:32.95.
www.theverybestofsantafe.com/homes/152059254
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4 Banana Lane Santa Fe, NM 87506

  • Price: $2,300,000
  • Status: Active
  • On Site: 134 Days
  • Updated: 24 min ago
  • MLS #: 202402097
5
Beds
4
Baths
0
½ Baths
2.45
Acres
2,309
SQFT
$996
$/SQFT
1980
Built
Neighborhood:
16-Pojoaque Valley
County:
Santa Fe
Area:
16-Pojoaque Valley
Elementary School:
Pojoaque
Middle School:
Pojoaque Jr High
High School:
Pojoaque High School
Property Description
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 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.
Exterior Features

Architectural Style Multi- Level Pueblo Carport YN Yes Construction Materials Frame Garage YN Yes Levels Two Multi / Split Parking Features Carport Parking Total 15 Roof Foam

Interior Features

Basement YN No Cooling Central Air Refrigerated Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating Forced Air Heating YN Yes Interior Features Interior Steps Living Area 2309

Property Features

Accessibility Features Not ADA Compliant Contingency Right Of First Refusal Disclosures Lead Based Paint Disclosure First Right of Refusal Horse YN Yes Land Lease YN No Lease Considered YN No Listing Terms Cash Conventional1031 Exchange New Loan Property Attached YN No Property Sub Type Single Family Residence Property Sub Type Additional Detached Single Family Residence Sale Or Lease Indicator For Sale Sewer Septic Tank Utilities Electricity Available Water Source Shared Well Zoning C-2 Zoning Description Commercial General

Santa Fe Association of Realtors logo Listing provided courtesy of Marion Tray Rankin of Sotheby's Int. RE/Washington: (505) 988-8088. © 2024 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.


Santa Fe Association of Realtors logo © 2024 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than The Very Best Santa Fe Team - Keller Williams are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-11-08T21:51:32.95.
 
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The Very Best Santa Fe Team - Keller Williams
130 Lincoln Avenue, Suite K
Santa Fe NM, 87501