1939 Warner Cir Santa Fe, NM 87505
- Retail properties
- 5,625 SF
Current Use by Public Records
- Retail properties
Property Details for 1939 Warner Cir
- Year built
- 1985
- Property size
- 5,625 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional Santa Fe commercial property, located at 1939 Warner Cir, 87505, presents a compelling investment opportunity. The 5,625 square foot building, constructed in 1985, sits on a 20,257 square foot lot and boasts 100% occupancy across its two units. The property is a mixed-use structure, encompassing creative office and storefront spaces, currently operating under a modified lease agreement with a one-year remaining term. Suite A, leased for $4,750 per month, features a large open showroom, two private offices, open work areas, one bathroom (with potential for a second), and a spacious garage area convertible to additional storage or office space. Access to a fully fenced outside storage yard is provided via two overhead rolling doors and loading docks. Suite B, currently owner-occupied, includes a reception/storefront area, two bathrooms, a small kitchen, three private offices, two open meeting areas, and two private workspaces. A sizable central open work area offers flexible space with privacy doors. The property includes 16 parking spaces and convenient access to St. Michaels Dr. The asking price is $1,490,000 ($264.89/sq ft). A comprehensive list of improvements is available. This property offers a blend of strong location and diverse leasing potential, making it an ideal investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Fe
- County
- Santa Fe
- State
- New Mexico
- Longitude
- -105.967
- Latitude
- 35.6575
