Renovated Office Condominium
For Sale
$1,875,000
417 E Palace Avenue, Santa Fe, NM 87501
CommercialSale, Santa Fe, NM
Property Size2,962 SF
Price / SF$633.02
Days on Market47
Property Features for 417 E Palace Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
BCD,Historic
Directions
Take Paseo de Peralta to East Palace.
Standard status
Active
APN
992220730
Size
2,962 SF
Taxes and HOA fees
Tax Description
See Binder
Legal Description
See Binder
Utilities
Water source
Public
Amenities
galley kitchen
conference room
shared restrooms
Building Details
Year built
1950
Listing Agency:
Corcoran Plaza Properties
(505) 982-4466
Listed By:
Dermot O. Monks · License #17451
(505) 470-0639
Added: Jul 16
Changed: Aug 19
Last Checked: Aug 31 at 12:06AM
MLS# 202603129
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 2,962-square-foot office condominium property contains 11 units that are fully leased under long-term agreements. Constructed in 1950 and recently renovated, the building includes shared professional amenities such as a conference room, galley kitchen, and common restrooms. Public water serves the property, and parking is provided on site.
Located in historic downtown Santa Fe at 417 E Palace Avenue, the property carries BCD and Historic zoning. The configuration supports an investment-oriented ownership structure, while select occupants may permit early lease termination for an owner seeking office availability. Common areas are maintained for shared use across the building.
Located in historic downtown Santa Fe at 417 E Palace Avenue, the property carries BCD and Historic zoning. The configuration supports an investment-oriented ownership structure, while select occupants may permit early lease termination for an owner seeking office availability. Common areas are maintained for shared use across the building.
Key Highlights
- 11 fully leased office condominiums
- 2,962 square feet in a recently renovated 1950 building
- Long‑term leases in place across the office units
Property Analytics
Property Profile
Current Use
Lease Details
11
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,276
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Eleven occupied office condominiums include shared conference, kitchen, and restroom facilities.
Where is this office units located?
The property is located at 417 E Palace Avenue Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: 11 fully leased office condominiums; 2,962 square feet in a recently renovated 1950 building; Long‑term leases in place across the office units
