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1005 S Saint Francis Dr Santa Fe, NM 87505

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For Sale
$3,300,000

Restaurant condo unit with patio and development rights for sale.

Property size:
5,015 SF
Lot size:
0.67 Acres

Property Features for 1005 S Saint Francis Dr

General Information

Size
5,015 SF
Lot size
0.67 Acres

Source: REA Real Estate Advisors Agent Tai Bixby CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Restaurant Building with Development Rights

This offering features an existing 5,051-square-foot restaurant building, identified as Condo Unit A, complemented by an approximately 1,100-square-foot patio. The sale includes the existing condo unit along with reserved development rights that cover a parking area, which has the potential for conversion into additional condominium units. Situated on a high-traffic corner at the intersection of St Francis Drive and Cerillos Road, the location benefits from approximately 72,000 vehicles per day. The property is located within a dense commercial corridor, near Whole Foods, Trader Joe's, Walgreens, CVS, and numerous other national credit businesses. The BCD (Cerrillos Subdistrict) zoning permits a variety of commercial uses, including retail, banking, restaurants, drive-through facilities, quick-service restaurants, hospitality, and office spaces. The maximum development height allowed is 45 feet. Note that residential use is not permitted according to condominium rules. The property is intended for commercial use.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Restaurants

Suggested Use

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

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

Similar Places Nearby

Open Kitchen Santa Fe

Location Insight

  • Map
  • Local Demand
City
Santa Fe
County
Santa Fe
State
New Mexico
Longitude
-105.9525292
Latitude
35.6778051

FAQs

What type of property is this?
Restaurant - Restaurant condo unit with patio and development rights for sale.
Where is this restaurant located?
The property is located at 1005 S Saint Francis Dr Santa Fe, NM.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: - High-traffic corner location at St Francis & Cerillos Rd with 72,000 VPD±.; - Includes existing 5,051sf± restaurant building (Condo Unit A) with a 1,100sf± patio.; - Reserved development rights to convert the parking area into additional condominium units.
More about this property
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