Mixed-Use Office and
For Sale
$1,900,000
2325 Cerrillos, Santa Fe, NM 87505
Three-story building with 24 apartments above and ground-floor office spaces currently available for lease.
Property Size24,000 SF
Price / SF$79.17
Days on Market99
Property Features for 2325 Cerrillos
General Information
Standard status
Active
Size
24,000 SF
Property subtype
Mixed Use
Additional Details
Multifamily Units
24
Amenities
3
Building Details
Year Built
1998
Stories
3
Listing Agency:
spicyProperties
(505) 216-7788
Listed By:
Krishan Kumar · License #18765
Source:
Xome
Added: May 23
Changed: Aug 12
Last Checked: Aug 29 at 7:44AM
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 spicyProperties
Investment Insights
Based on property information with market context.
The La Luz Building is a three-story commercial property designed with a dual-use configuration. The upper levels include 24 residential apartments operating under specific low-income housing use restrictions, supported by an active HUD grant. The building’s residential component is described as comprising 32 total rooms on the upper levels. The ground floor is dedicated to commercial office spaces, laid out to be leased to professional tenants, with separate business operations from the private residential housing above.
The property is located at 2325 Cerrillos Road in Santa Fe, New Mexico.
This offering provides a combined income profile from ground-level office leasing and HUD-supported residential housing operations under the stated use restrictions.
The property is located at 2325 Cerrillos Road in Santa Fe, New Mexico.
This offering provides a combined income profile from ground-level office leasing and HUD-supported residential housing operations under the stated use restrictions.
Key Highlights
- La Luz Building at 2325 Cerrillos Rd: 24,000 SF, three‑story commercial multifamily property built in 1998.
- Dual‑use layout with 24 residential apartments on upper levels plus ground‑floor commercial office spaces ready to lease.
- Residential portion operates as a 100% low‑income housing community supported by an active HUD grant in place.
Property Analytics
Property Profile
Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
1,307
Businesses Nearby
Explore this area
Business Placement
Demographics for 87505, NM
32,078
Population
18,733
Households
1.7
Avg Household Size
52
Median Age
54%
College-Educated
94%
High-School Grad
65.1 sq mi
ZIP Area
493
Density / Sq Mi
$75,912
Median Household Income
$41,169
Median Earnings
$1,348
Median Rent
$484,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story building with 24 apartments above and ground-floor office spaces currently available for lease.
Where is this apartment building located?
The property is located at 2325 Cerrillos Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: La Luz Building at 2325 Cerrillos Rd: 24,000 SF, three‑story commercial multifamily property built in 1998.; Dual‑use layout with 24 residential apartments on upper levels plus ground‑floor commercial office spaces ready to lease.; Residential portion operates as a 100% low‑income housing community supported by an active HUD grant in place.
