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1005 St Francis Dr Santa Fe, NM 87505

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For Sale
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Prime Santa Fe location, high traffic, redevelopment potential.

Property size:
5,051 SF

Property Features for 1005 St Francis Dr

General Information

Property type
Retail properties & Spaces
Square Feet
5,051 SF
Class
B

Building Details

Buildings
1
Stories
1

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Listing Contact
Tai Bixby
Tai Bixby

Listing Agency: Real Estate Advisors, LLC Listing Agent: Tai Bixby

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional commercial condominium opportunity in Santa Fe, New Mexico, presents a unique blend of existing income and significant redevelopment potential. The property, located at 1005 S St Francis Dr, encompasses a 5,051 square foot, 100% occupied restaurant building (Condominium Unit A) with an additional 1,100 square foot interior patio. This building sits on a 26,427 square foot lot (Parcel C and a triangular parcel), offering substantial excess land for development. The property is part of the Crossroads Center, a high-traffic location at the intersection of St Francis Drive and Cerillos Road, boasting approximately 60,000 vehicles per day. The surrounding area features a dense concentration of national retailers, including Whole Foods, Trader Joes, Walgreens, and CVS. The property is zoned BCD (Cerrillos Subdistrict), permitting a wide range of commercial uses, including retail, banking, restaurants (including drive-thrus and QSR), hospitality, and office space. Residential use is prohibited under condominium rules. The maximum building height is 45 feet. The offering includes the existing condominium unit and associated reserved development rights (RDRs) for Parcel C, which can be converted into up to six additional condominium units upon substantial completion of construction. The Parcel C RDR expires June 25, 2025. Additionally, a 50% undivided interest in the Parcel B RDR is included
Property Profile Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Santa Fe
County
Santa Fe
State
New Mexico
Longitude
-105.95281830585
Latitude
35.677616611753

FAQs

What type of property is this?
Retail property - Prime Santa Fe location, high traffic, redevelopment potential.
Where is this retail property located?
The property is located at 1005 St Francis Dr Santa Fe, NM.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 5,051 SF restaurant building (Condo Unit A), 100% occupied, plus 1,100 SF patio.; 26,427 SF land parcel (Parcel C & triangular parcel).; Includes existing condo unit and reserved development rights (RDRs) for up to six additional condo units; Parcel C RDR expires June 25, 2025.
(505) 577-3524 Call to check price and availability
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