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Two-Story Office Building
For Sale
$5,500,000

124 Marcy Street, Santa Fe, NM 87501

BCD zoning allows office, retail, residential, and related uses within the Marcy subdistrict.

Property Size9,924 SF
Lot Size0.20 Acres
Price / SF$554.21
Days on Market84

Property Features for 124 Marcy Street

General Information

Standard status Active
Size 9,924 SF
Lot size 0.20 Acres
Property subtype Office
Zoning BCD

Additional Details

Road Access Yes
Property Use Office

Amenities

wood flooring
central HVAC
second floor balcony
diesel powered backup generator

Building Details

Building Size 9,924 SF
Year Built 1950
Buildings 1
Stories 2
Construction masonry
Listing Agency: Real Estate Advisors, LLC
Listed By: Tai Bixby · License #40315
Source: Nmrootsrealestate
Added: Aug 14 Changed: Oct 30 Last Checked: Nov 4 at 8:44AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Advisors, LLC

Rey
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Investment Insights

Based on property information with market context.

At 124 Marcy Street in Santa Fe, this 9,924-square-foot office building has two floors of 4,962 square feet each. Built in 1950 with masonry construction, it features wood flooring, central HVAC, and a second-floor balcony facing Marcy Street. A diesel-powered backup generator serves the building, with walk-up entry from Marcy Street and additional access and surface parking at the rear along Nusbaum Street. The site comprises 0.198 acres.

The property is two blocks north of the Santa Fe Plaza and directly across from the Santa Fe Public Library. It is positioned between Otero Street and Washington Avenue, within the Marcy subdistrict. BCD zoning permits office, retail, residential, and related uses. The property is in foreclosure and receivership, and any sale requires bank approval.

Key Highlights

  • 9,924‑square‑foot office building with 4,962 square feet on each floor
  • 0.198‑acre site with BCD zoning in the Marcy subdistrict
  • Masonry construction, wood flooring, and central HVAC

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Peters Corporation Art Gallery Santa Fe Dining Corporate Office

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Daycare Center HVAC Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

4,394
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Office building - BCD zoning allows office, retail, residential, and related uses within the Marcy subdistrict.
Where is this office building located?
The property is located at 124 Marcy Street Santa Fe, NM.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 9,924‑square‑foot office building with 4,962 square feet on each floor; 0.198‑acre site with BCD zoning in the Marcy subdistrict; Masonry construction, wood flooring, and central HVAC
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