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For sale
Conventional restaurants
NM
Santa Fe
87505
1710 Cerrillos

Turnkey Restaurant Space on Cerrillos Rd

1710 Cerrillos Santa Fe, NM 87505

1710 Cerrillos, Santa Fe, NM, 87505

$1,500,000

For Sale

$1,500,000

COMMERCIAL - Santa Fe, NM

Property Size3,500 SF

Lot Size0.22 Acres

Price / SF$428.57

AddedMay 29

Days on Market48

Last RefreshJul 15 at 3:06 am

Property Features for 1710 Cerrillos

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: C-2
Parking features: Parking Lot
Standard status: Active
APN: 018310116
Size: 3,500 SF
Lot size: 0.22 Acres

Taxes and HOA fees

Tax Description: T17N R9E S34, CAPITAL LAND & TOWNSITE ADDN, LOT 7-A, 0.261 AC

Utilities

Sewer type: Public Sewer
Water source: Public

Building Details

Year built: 1985

Listing agent Phillip Varela License #18075

Listing office Varela Real Estate, Inc. 1526 Cerrillos Road, Santa Fe, NM

Listing date May 29, 2026

MLS# 202602355

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 commercial property is a fully built-out restaurant space situated along one of Santa Fe's busiest commercial corridors, which sees over 45,000 cars passing per day. Located on Cerrillos Rd, the property benefits from exceptional visibility, strong traffic counts, and immediate proximity to Midtown, St. Michael's, and St. Francis. The restaurant features a Southwest style design and includes a full hood, three-compartment sinks, a walk-in refrigerator, multiple dining areas with fireplaces and a bar, a full kitchen, and two ADA-compliant bathrooms. The property has high-visibility frontage on Cerrillos Rd with strong signage potential and ample on-site parking for customers and staff. The flexible layout is suitable for dine-in, takeout, or hybrid service models. The large dining area features adaptable seating configurations, and back-of-house prep, storage, and service areas are already in place. The property provides easy access to major thoroughfares and established commercial activity. Positioned in the heart of Santa Fe's commercial corridor, the property benefits from constant daily traffic, nearby residential density, and a strong mix of complementary businesses. Cerrillos Rd is a reliable and high-performing location for food-service operators. The property, with a lot size of 0.22 acres and a property size of 3500 square feet, is ideal for restaurateurs, full dine-in, cafe operators, or investors seeking a high-exposure commercial asset.

Key Highlights

Turnkey restaurant space with existing kitchen infrastructure including full hood, 3‑compartment sinks, and walk‑in refrigerator.
High‑visibility Cerrillos Rd frontage with strong signage potential and over 45,000 cars passing daily.
Ample on‑site parking for customers and staff.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$75.6k	$21.60
− Vacancy	−$4.7k	−$1.34
EGI	$70.9k	$20.26
− OpEx	−$17.7k	−$5.07
NOI	$53.2k	$15.20

3,500 SF · lease $21.60/SF/yr · vacancy 6.20% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$759.8K

$664.8K – $886.4K (±1% cap)

NOI $53,185 @ 7.0% cap · market cap 3.55%

Second Best

—

no second resolved use

Theoretical Best

Office A

$950.4K

$831.6K – $1.11M (±1% cap)

NOI $66,528 @ 7.0% cap · market cap 4.44%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Minerva Canna: Dispensary ... (Bike/Boat/Book/etc) Store Camba CBD Boutique (Bike/Boat/Book/etc) Store

Suggested Use

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For sale
Conventional restaurants
NM
Santa Fe
87505
1710 Cerrillos

What type of property is this?

Conventional restaurant - Fully built-out restaurant space with high visibility and strong traffic.

Where is this conventional restaurant located?

The property is located at 1710 Cerrillos Santa Fe, NM.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Turnkey restaurant space with existing kitchen infrastructure including full hood, 3‑compartment sinks, and walk‑in refrigerator.; High‑visibility Cerrillos Rd frontage with strong signage potential and over 45,000 cars passing daily.; Ample on‑site parking for customers and staff.

1710 Cerrillos Santa Fe, NM 87505

COMMERCIAL - Santa Fe, NM

Property Features for 1710 Cerrillos

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Live-Work Commercial Building

Santa Fe Office/Research Facility

Medical Office Park at Hospital Campus

Class A Office Building

Five-Unit Retail Strip Mall

Modern Office Building For Sale

Mixed-Use Restaurant and Office Building

Four-Unit Detached Income Property

Downtown Office Building with Leased Restaurant

Freestanding Commercial Building on Cerrillos

Santa Fe Redevelopment Opportunity

Freestanding Office Building with Parking

FAQs