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Industrial Flex Condominium Units
For Sale
$525,000
Pending

B3-1189 Parkway Dr, Santa Fe, NM 87507

Under-construction units support commercial operations with optional live-work functionality and separately metered utilities.

Property SizeContact for details
Days on Market320

Property Features for B3-1189 Parkway Dr

General Information

Standard status Pending
Listing Agency: Keller Williams Realty
Listed By: Leslie Gallatin-Giorgetti · License #47708
Source: Exprealty
Added: Sep 26, 2025 Changed: Aug 3 Last Checked: Aug 10 at 7:31AM

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 Keller Williams Realty

Investment Insights

Based on property information with market context.

The Studios at Parkway Phase 2 is an under-construction condominium project offering flexible commercial space in Santa Fe. Each unit measures nearly 1,677 square feet, with 1,587 square feet of interior area, a 1,092-square-foot ground floor, and a 584-square-foot second story. Features include tall ceilings, storefront glazing, aluminum glass roll-up doors, finished concrete floors, LED lighting, steel staircases with wood treads, and smooth drywall.

The property is located at B3-1189 Parkway Dr in the Siler/Rufina Warehouse, Art & Innovation District. Units are zoned I-1 and include separately metered utilities, kitchen-ready hookups, a designated shower area, and landscaped grounds planned for shipping and receiving. Commercial applications identified for the development include offices, galleries, artist studios, warehouses, wellness businesses, and light industry. The roof is prepared for solar PV installation, and the property is within a Federal Opportunity Zone.

Key Highlights

  • Nearly 1,677 SF per unit, including 1,587 SF of interior space
  • 1,092 SF ground floor plus 584 SF second story
  • Tall ceilings, storefront windows, and aluminum glass roll‑up garage doors

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Real Estate Agency Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

859
Businesses Nearby
Well-served
Demand for This Use

Demographics for 87507, NM

51,338
Population
21,272
Households
2.4
Avg Household Size
38
Median Age
31%
College-Educated
86%
High-School Grad
96.1 sq mi
ZIP Area
534
Density / Sq Mi
$62,955
Median Household Income
$34,102
Median Earnings
$1,276
Median Rent
$333,300
Median Home Value

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
Questions? Ask Rey
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Similar Off Market Nearby

  • Marigold Kitchen 1314 Rufina Cir A 3, Santa Fe, NM 87507
  • Casa Nova Custom Catering 1314 Rufina Cir a7, Santa Fe, NM 87507

Frequently Asked Questions

What type of property is this?
Flex space - Under-construction units support commercial operations with optional live-work functionality and separately metered utilities.
Where is this flex space located?
The property is located at B3-1189 Parkway Dr Santa Fe, NM.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Nearly 1,677 SF per unit, including 1,587 SF of interior space; 1,092 SF ground floor plus 584 SF second story; Tall ceilings, storefront windows, and aluminum glass roll‑up garage doors
More about this property
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