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Historic Single-Tenant Office Building
For Sale
$3,000,000

216 Washington Avenue, Santa Fe, NM 87501

CommercialSale, Santa Fe, NM

Property Size4,373 SF
Lot Size0.22 Acres
Price / SF$686.03
Days on Market52

Property Features for 216 Washington Avenue

General Information

Property type Commercial Sale
Property subtype Office
Zoning BCD
Parking 10
Directions On Washington between Marcy and Federal
Standard status Active
APN 12472250
Size 4,373 SF
Lot size 0.22 Acres

Taxes and HOA fees

Tax Description per binder
Legal Description per binder

Utilities

Water source Public

Amenities

vintage bank vault
finished lower level with windows

Building Details

Year built 1937
Roof type Flat
Listing Agency: Real Estate Advisors, LLC
Listed By: Tai Bixby · License #40315
Added: Aug 17 Changed: Aug 19 Last Checked: Oct 7 at 12:06AM
MLS# 202603611

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.

Built in 1937, this single-tenant office building contains approximately 4,373 square feet on a 0.22-acre lot. The improvements feature stucco construction, a finished lower level with windows, and an existing vintage bank vault. Ten parking spaces are positioned behind the building and reached by a private drive. The property is fully leased and may also suit an owner-user following the current lease term.

The building is located within Santa Fe’s Downtown and Eastside Historic District, one block from the historic Santa Fe Plaza. BCD zoning, identified as the Business Capitol District, Marcy Subdistrict, permits office, retail, and residential uses. Public water serves the property, and the building has a flat roof.

Key Highlights

  • Approximately 4,373 SF single‑tenant office building on a 0.22‑acre lot
  • Built in 1937 with stucco construction and a finished lower level with windows
  • Ten on‑site parking spaces at the rear, accessed by a private drive

Property Analytics

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Current Use

Santa Fe Properties Real Estate Agency Efrain Prieto Group Real Estate Agency Linda Murphy Santa ... Real Estate Agency Santa Fe Properties: ... Real Estate Agency Tom Abrams, Realtor Real Estate Agency

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store HVAC Service Big Box & Wholesale Store Building Supply Gym & Fitness Center

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

1
Office units
100%
Occupancy
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,100
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
View Realmo Analytics

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
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Frequently Asked Questions

What type of property is this?
Office building - Fully leased office property with historic construction, private parking, and flexible BCD zoning for office, retail, or residential use.
Where is this office building located?
The property is located at 216 Washington Avenue Santa Fe, NM.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Approximately 4,373 SF single‑tenant office building on a 0.22‑acre lot; Built in 1937 with stucco construction and a finished lower level with windows; Ten on‑site parking spaces at the rear, accessed by a private drive
More about this property
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