Mixed-Use Building with Second-Floor
For Lease
Contact for pricing
135 Palace, Santa Fe, NM 87501
CommercialLease, Santa Fe, NM
Space Size720 SF - 1,389 SF
Lot Size0.26 Acres
Days on Market2529
Property Features for 135 Palace
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
BCD
Zoning description
BCD
Parking features
On Street
Accessibility
Accessible Approach with Ramp
Directions
Corner of Palace and Grant Avenues, west of the Santa Fe Plaza in Downtown Santa Fe.
Subdivision
Santa Fe
Standard status
Active
APN
10473600
Size
21,561 SF
Lot size
0.26 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1988
Flooring type
Concrete
Building materials
Frame, MetalSiding, Concrete
Roof type
Flat
Listing Agency:
Shepler Commercial, LLC
(505) 982-7600
Listed By:
John Shepler · License #8936
(505) 660-5650
Added: Oct 3, 2019
Changed: Sep 3
Last Checked: Sep 4 at 7:06PM
MLS# 201904546
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This three-story mixed-use property contains 21,561 square feet on a 0.26-acre site and was constructed in 1988. The building has supported galleries and other retailers on its first and second floors, while the third floor has accommodated restaurants and nightclubs. Three suites are currently available on the second level, measuring 1,389 square feet, 1,314 square feet, and 720 square feet. The third floor is leased to a restaurant as of January 2026.
The property occupies a visible corner at Palace and Grant Avenues, a couple of blocks west of the Santa Fe Plaza. It is next door to the Georgia O'Keeffe Museum, which is currently being built. The property is zoned BCD and includes public water, public sewer, natural-gas heating, flat roofing, concrete flooring, and on-street parking.
The property occupies a visible corner at Palace and Grant Avenues, a couple of blocks west of the Santa Fe Plaza. It is next door to the Georgia O'Keeffe Museum, which is currently being built. The property is zoned BCD and includes public water, public sewer, natural-gas heating, flat roofing, concrete flooring, and on-street parking.
Key Highlights
- 21,561 square feet on a 0.26‑acre site
- Three second‑floor suites available: 1,389 SF, 1,314 SF, and 720 SF
- Corner position at Palace and Grant Avenues
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
4,292
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 30%
Hotels & Casinos 12%
Apparel 6%
Blake's LotaBurger
Dining
9,803 visits/mo
0.4 miles
La Fogata
Dining
5,948 visits/mo
0.2 miles
Wells Fargo
Shops & Services
5,396 visits/mo
0.3 miles
The UPS Store
Shops & Services
4,737 visits/mo
0.2 miles
El Sendero Inn
Hotels & Casinos
4,146 visits/mo
0.4 miles
Demographics for 87501, NM
15,116
Population
10,480
Households
1.4
Avg Household Size
58
Median Age
61%
College-Educated
97%
High-School Grad
50.6 sq mi
ZIP Area
299
Density / Sq Mi
$81,229
Median Household Income
$52,851
Median Earnings
$1,516
Median Rent
$649,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Second-level commercial suites are available in a three-story building with retail, gallery, and restaurant operating history.
Where is this mixed-use property located?
The property is located at 135 Palace Santa Fe, NM.
What are key features of this property?
This property features: 21,561 square feet on a 0.26‑acre site; Three second‑floor suites available: 1,389 SF, 1,314 SF, and 720 SF; Corner position at Palace and Grant Avenues
