Downtown Commercial Building with Parking

223 E Palace Avenue Santa Fe, NM 87501

Claim this Listing
For Sale
$1,400,000

SINGLE_FAMILY - Santa Fe, NM

Type:Retail
Property size:
3,072 SF
Lot size:
0.14 Acres
Price / SF:
$455/SF
Added:
Jul 2, 2026
Days on Market:
11
Last Refresh:
Jul 12 at 9:06 pm

Property Features for 223 E Palace Avenue

General Information

Property type
Residential
Property subtype
Retail
Zoning
BCD
Standard status
Active
APN
010739350
Size
3,072 SF
Lot size
0.14 Acres

Taxes and HOA fees

Tax Description
LOT 3 DBA THE HEDRICK COMPANY

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Year built
1910
Flooring type
Tile, Carpet, Wood
Building materials
Brick, Frame
Roof type
Flat, Tar/Gravel

Listing agent Stefan Lark License #48623

Listing office Barker Realty, LLC 530 S Guadalupe St., Santa Fe, NM

Listing date Jul 2, 2026

MLS# 202602897

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 downtown commercial building at 223 E Palace Avenue includes three separate units: one retail space, one office space, and one residence. The property provides a total of 7 parking spaces and features an original home built in 1910 with an addition added in the mid-1970s. Recent improvements include new 200-amp electric service, new HVAC in Unit 1, and heat/cool split systems in Unit B.

The building is described as approximately 1 1/2 blocks to the Plaza, with excellent street frontage and a porch facing Palace Ave.

Zoned BCD, the current layout supports multi-use occupancy across the retail, office, and residential components.

Key Highlights

  • Downtown commercial building with 7 parking spaces and strong Palace Ave frontage
  • Approximately 3,072 SF total with 3 separate units: retail, office, and residence
  • Built in 1910 with an addition in the mid‑1970s; brick and frame construction

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Nureteka Boutique Clothing Store

Suggested Use

Auto Parts Store Auto Repair Shop Daycare Center HVAC Service (Bike/Boat/Book/etc) Store Florist (Bike/Boat/Book/etc) Store Butcher (Bike/Boat/Book/etc) Store Pet Grooming Service

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

FAQs

What type of property is this?
Retail space - Downtown building with three units, including retail and office, plus 7 parking spaces and recent electrical and HVAC updates.
Where is this retail space located?
The property is located at 223 E Palace Avenue Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Downtown commercial building with 7 parking spaces and strong Palace Ave frontage; Approximately 3,072 SF total with 3 separate units: retail, office, and residence; Built in 1910 with an addition in the mid‑1970s; brick and frame construction
Contact an agent
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