Street-Level Retail
New
For Lease
$4,415/Mo
123 W Water Street, Santa Fe, NM 87501
CommercialLease, Santa Fe, NM
Space Size1,100 SF
Lot Size0.02 Acres
Days on Market4
Property Features for 123 W Water Street
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
BCD
Zoning description
BCD
Directions
Corner of W Water St. and Don Gasp
Standard status
Active
APN
1054099211166CS0000
Size
1,100 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Description
T17N R9E S24, MILAGRO CONDOMINIUM, BLOCK 8, LOT3C, UNIT C~
Legal Description
T17N R9E S24, MILAGRO CONDOMINIUM, BLOCK 8, LOT3C, UNIT C~
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
storage
bathroom
fitting room
southern facing windows
Building Details
Year built
1880
Flooring type
Wood
Building materials
Frame
Roof type
Flat
Listing Agency:
SF Brown Real Estate
(505) 473-7740
Listed By:
Alicia Bertram · License #48316
(505) 930-0520
Added: Aug 24
Last Checked: Aug 27 at 7:06PM
MLS# 202603714
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 1,100-square-foot, ground-floor suite combines a customer-facing retail area with additional storage, a bathroom, and a fitting room. Southern-facing windows provide natural light, while wood flooring contributes to the existing interior character. The property dates to 1880 and is served by public water and public sewer.
Positioned at the corner of W Water Street and Don Gaspar in Santa Fe, the space is directly across from the St. Francis Hotel. The current clothing-store tenant is expected to relocate in mid-September 2026. The offering is structured as a sublease, with the ownership open to discussing a longer lease term for a suitable occupant. BCD zoning applies.
Positioned at the corner of W Water Street and Don Gaspar in Santa Fe, the space is directly across from the St. Francis Hotel. The current clothing-store tenant is expected to relocate in mid-September 2026. The offering is structured as a sublease, with the ownership open to discussing a longer lease term for a suitable occupant. BCD zoning applies.
Key Highlights
- 1,100 SF ground‑floor retail suite
- Corner location at W Water Street and Don Gaspar
- Southern‑facing windows provide natural light
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$7.22 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,554
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
0.5 miles
La Fogata
Dining
5,948 visits/mo
0.0 miles
Wells Fargo
Shops & Services
5,396 visits/mo
0.3 miles
The UPS Store
Shops & Services
4,737 visits/mo
0.3 miles
El Sendero Inn
Hotels & Casinos
4,146 visits/mo
0.3 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?
Retail space - The suite offers natural light, rear support areas, and flexibility for retail, gallery, or office use.
Where is this retail space located?
The property is located at 123 W Water Street Santa Fe, NM.
What is the lease rate?
The lease rate is $4,415/Mo.
What are key features of this property?
This property features: 1,100 SF ground‑floor retail suite; Corner location at W Water Street and Don Gaspar; Southern‑facing windows provide natural light
