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    125 E Water St Santa Fe, NM 87501

    For Lease
    $9,999 /Mo ($33 SF/Yr)

    COMMERCIAL - Santa Fe, NM

    Property size:
    3,631 SF
    Lot size:
    0.36 Acres
    Days on Market:
    159
    Last Refresh:
    Dec 14 at 10:06 pm

    Property Features for 125 E Water St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    016007650
    Size
    3,631 SF
    Lot size
    0.36 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1978
    Building materials
    Frame
    Roof type
    Flat

    Red Sky Realty (505) 247-3414

    Listing agent Gregory Kantor (602) 618-2055 License #REC20240763

    Listing date Jul 9, 2025

    Copyright © 2025 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Space Near Historic Plaza

    This restaurant space for lease is ideally located steps away from the Historic Santa Fe Plaza. Situated at 125 E Water Street, the property is easily accessible by foot or car. Its location provides walking distance access to landmarks and upscale hotels, including La Fonda on the Plaza, Hilton Santa Fe Historic Plaza, Inn & Spa at Loretto, Hotel St Francis, Inn of the Governors, Eldorado Hotel & Spa, Rosewood Inn of the Anasazi, and La Posada Santa Fe. The City of Santa Fe Water Street Municipal Parking is located directly across the street. The restaurant space is approximately 3,631 square feet and includes a commercial kitchen, new hood for stoves, hood for dishwasher, existing equipment, and sinks. The property features two front entrances, with the main entrance being covered and indoor. The lease is $9,999 per month + NNN, plus utilities. The restaurant represents 13.62% of the total property square footage and will be responsible for 95% of water costs. The property has 3Phase Electric, private restrooms, and central air and heating.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Botwin Eye Group ... Doctor Dr. Mark A. Botwin, ... Optometrist Dr. Micayla Fisher-Ives, ... Optometrist Minerva Canna Cannabis Store Minerva Canna Downtown ... Cannabis Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Open Kitchen Santa Fe, Masterpiece Cuisine Catering, Juicyfoods505

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.9387131
    Latitude
    35.68635017

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    FAQs

    What type of property is this?
    Restaurant - Well-located restaurant space for lease near Santa Fe Plaza.
    Where is this restaurant located?
    The property is located at 125 E Water St Santa Fe, NM.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: - Prime location steps from the Historic Santa Fe Plaza, ensuring high foot traffic and visibility.; - Close proximity to numerous upscale hotels and landmarks, attracting tourists and affluent clientele.; - Existing commercial kitchen with new hoods and equipment, reducing initial investment costs.
    (602) 618-2055
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    125 E Water St Santa Fe, NM 87501
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