Search
Mixed-Use Building with Gallery
For Sale
Contact for pricing
Pending

142 W Palace Ave & 28/32 Burro Alley, Santa Fe, NM 87504

Downtown Santa Fe property combining an existing gallery and restaurant with potential for additional commercial or residential use.

Property SizeContact for details
Days on Market141

Property Features for 142 W Palace Ave & 28/32 Burro Alley

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Old Santa Fe Realty
Listed By: Richard Montoya · License #NM 2574
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 4:13PM

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 Old Santa Fe Realty

Investment Insights

Based on property information with market context.

Located in downtown Santa Fe, this multi-use commercial building includes an existing gallery and restaurant. The property may be renovated for high-end residential condominium units, retail space, or additional gallery use, subject to applicable approvals and project requirements.

The building is less than one block from the Santa Fe Plaza, Georgia O’Keeffe Museum, Lensic Performing Arts Center, and Santa Fe Convention Center. It also sits next to the Palace restaurant along historic Burro Alley and San Francisco Street. The property address is 142 W Palace Ave and 28/32 Burro Alley, Santa Fe, New Mexico 87504.

Key Highlights

  • Existing gallery and restaurant within a multi‑use commercial building
  • Potential renovation for high‑end residential condominium units
  • Potential retail or gallery space conversion

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop HVAC Service (Bike/Boat/Book/etc) Store Butcher 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.

Location Intelligence

Trade Area within ½ mile

4,554
Businesses Nearby
34k
Monthly Visits Nearby

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

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Mixed-use property - Downtown Santa Fe property combining an existing gallery and restaurant with potential for additional commercial or residential use.
Where is this mixed-use property located?
The property is located at 142 W Palace Ave & 28/32 Burro Alley Santa Fe, NM.
What are key features of this property?
This property features: Existing gallery and restaurant within a multi‑use commercial building; Potential renovation for high‑end residential condominium units; Potential retail or gallery space conversion
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message