Sotheby's Int. RE/Washington

4 Banana Lane, Santa Fe, NM

$2,300,000

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5

Beds

4

Baths

2,309

Square feet

2.45

Acres

About 4 Banana Lane

FIRST RIGHT OF REFUSAL (TENANT ON SITE) 11.4% CAP Rate with the potential to increase upon future lease of 4th rental units onsite.(3 of 4 units rented) The tenant lease has annual rent escalations in place. The business is NOT FOR SALE. This is a Real Estate ONLY Offer. This offering includes a well known restaurant with ample indoor and outdoor seating, patio seating with impressive Sangre de Cristo mountain views, as well as 4 residential rental units all on approximately 2.45 acres. The property has 122 parking spots with easy access to Hwy 84/285 in between the Santa Fe/Los Alamos and Espanola corridor with plenty of street frontage. The property is entirely coyote fenced and gated with a well and septic system in place. There is an outdoor kiva fireplace, complemented by flagstone, brick, rock, and a fenced viewing area, perfect for cozy gatherings. Both the interior and exterior are illuminated by Southwestern wall sconces, while numerous skylights and windows provide excellent natural lighting. The floors are laid with Talavera and Saltillo tiles, contributing to the authentic Southwestern ambiance. The location has a high traffic count with many movies being filmed nearby. This is a great opportunity for a land and building investor looking for increasing monthly income.

Features of 4 Banana Lane

MLS® # 202402097
Price $2,300,000
Bedrooms 5
Bathrooms 4.00
Full Baths 4
Square Footage 2,309
Square Footage 2309 SquareFeet
Acres 2.45
Year Built 1980
Type Residential
Sub-Type Single Family Residence
Style Multi-Level, Pueblo
Status Active

Community Information

Address 4 Banana Lane
Area 16-Pojoaque Valley
City Santa Fe
County Santa Fe
State NM
Zip Code 87506

Amenities

Utilities Electricity Available
Parking Spaces 15
Parking Carport
# of Garages 2
Is Waterfront No
Has Pool No

Interior

Interior Features Interior Steps
Heating Forced Air
Cooling Central Air, Refrigerated
Fireplace No
Stories Two, Multi/Split
Has Basement No

Exterior

Exterior Frame
Roof Foam
Construction Frame

School Information

Elementary Pojoaque
Middle Pojoaque Jr High
High Pojoaque High School

Additional Information

Date Listed June 26th, 2024
Days on Market 168
Zoning C-2
Short Sale No
RE / Bank Owned No

Listing Details

AgentMarion "tray" Rankin
OfficeSotheby's Int. RE/Washington

Listing Map

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