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    FOR SALE
    Commercial real estate

    17 Paseo De River St, Santa Fe, NM 87505

    2.5 ac lot
    Individually Owned 4-yr Hold
    Property ID
    US61-0242092
    Property summary
    AI-generated overview

    This exceptional 2.5-acre commercial and industrial land parcel presents a unique investment opportunity in Santa Fe, New Mexico. Located at 17 Paseo De River, 87507, this gently sloping site boasts unparalleled visibility from Airport Road and the 599 Bypass, ensuring high traffic exposure for any business. Access is convenient via Airport Road and the Paseo de River frontage road. The property is zoned I-1, permitting a wide range of commercial and industrial uses, including but not limited to: storage facilities, automotive businesses, warehouses, construction material yards, contractor spaces, trade shops, educational facilities, religious institutions, and mixed-use developments. While subject to Scenic Highway Corridor regulations, setbacks, and easements, the potential for development is significant. The site benefits from readily available city water, sewer, and public electric services, simplifying infrastructure needs. This prime location and versatile zoning make this property ideal for a variety of commercial and industrial ventures. The asking price is $1,300,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 2.5 ac (108,900 SF)
    UPID US61-0242092
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Charles A Goodman · 4 yrs held
    Charles A Goodman
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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