Search
Downtown Santa Fe Mixed-Use Building
For Sale
$2,900,000
Pending

142 Palace, Santa Fe, NM 87501

Versatile property in the heart of Santa Fe's historic district.

Property Size19,911 SF
Days on Market229

Property Features for 142 Palace

General Information

Standard status Pending
Size 19,911 SF
Property subtype Office

Amenities

3
Parking.
Off Site, Lot, On Street.
High Traffic.

Building Details

Year Built 1955
Listing Agency: Barker Realty, LLC
Listed By: Cozette Hansen · License #49928
Source: Xome
Added: Jan 12 Changed: Aug 28 Last Checked: Aug 29 at 6:58AM

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 Barker Realty, LLC

Investment Insights

Based on property information with market context.

Located in the heart of Downtown Santa Fe Plaza, the Bokum Building offers three stories with downtown views and includes a fully leased restaurant space at 28-32 Burro Alley. The property is near galleries, including the Georgia O’Keeffe Museum, fine dining, premier retail, government buildings, and the Santa Fe Convention Center. Direct street access on Palace Ave provides ADA accessibility. The first floor, approximately 4,060 square feet, includes 12 offices, open work areas, and in-suite restrooms. The second floor, accessible by elevator and stairs, spans approximately 8,197 square feet and includes 18 offices, a conference room, an oversized meeting/training area, a large kitchenette, in-suite restrooms with stalls, and downtown views. The third floor, approximately 3,123 square feet, serves as the executive suite, complete with an in-suite kitchenette, private shower, and built-in cabinetry. This level includes 9 private offices and open work areas, with views of the Plaza and the Sangre de Cristo Mountains. Additional basement storage provides approximately 1,921 square feet. The approximately 1,706 square foot restaurant space at 28–32 Burro Alley is home to a long-established Mexican restaurant and occupies the historic site of the legendary Doña Tules’ Gambling Hall. The property also offers 18 offsite parking spaces at 22 Chappelle Street. This versatile property is located in the vibrant historic district.

Key Highlights

  • Prime Downtown Santa Fe Plaza location with exceptional access.
  • Includes a fully leased restaurant space, providing immediate income and historical significance.
  • Offers 18 deeded offsite parking spaces, a rare and valuable amenity.

Property Analytics

Current Use

Palace Prime Restaurant Commissioner Theresa Becenti-Aguilar State Government Office New Mexico Public ... State Government Office

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

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 Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 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?
Office building - Versatile property in the heart of Santa Fe's historic district.
Where is this office building located?
The property is located at 142 Palace Santa Fe, NM.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime Downtown Santa Fe Plaza location with exceptional access.; Includes a fully leased restaurant space, providing immediate income and historical significance.; Offers 18 deeded offsite parking spaces, a rare and valuable amenity.
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