417 Palace Ave Santa Fe, NM 87501
- Office Properties & Spaces
- 242 SF
Current Use by Public Records
- Mortgage Partners / Mortgage Lender
- Andrew Hoffman / Mortgage Lender
- Vizzia Technologies / Software Company
- Wander New Mexico Food Tours / Tour Operator
- Gerber & Bateman / Lawyer
Property Details for 417 Palace Ave
- Property size
- 242 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 242-square-foot Class B office condo, located at 417 East Palace Avenue, Suite 16 in the heart of Santa Fe, New Mexico, presents a unique investment opportunity. Priced at $235,000 ($971.07 per square foot), this fully occupied, single-tenancy property offers a strong return on investment. The suite is a traditional office space within a well-maintained building boasting convenient onsite parking, recently paved for easy access. High-speed fiber internet service is readily available, ensuring seamless connectivity for tenants. A significant advantage is the comprehensive condo fee of $272.25 per month, which covers a wide range of expenses including utilities, high-speed internet, HVAC maintenance, security, general building maintenance, property taxes, and access to shared amenities. These shared amenities include a professional conference room and a well-equipped kitchen, enhancing the overall functionality and appeal of the space. The property's central downtown location, close to the Plaza, provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a prestigious address in Santa Fe. The 100% occupancy rate further underscores the property's desirability and potential for consistent income generation. This is a turnkey investment opportunity in a thriving New Mexico market. The zip code is 87501.
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
- -105.931
- Latitude
- 35.6861
