4 Banana Lane
Santa Fe, NM 87506
- 5 beds
- 4 baths
- 2,309 sqft
- ~2 acre lot
- $996 per sqft
- 1980 build
- – on site
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.
Last checked:
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Last updated Oct 29, 2024
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MLS# 202402097 —
The Building
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Year Built:1980
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Year Built Source:Other
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Architectural Style:MultiLevel,Pueblo
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Construction Materials:Frame
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Levels:Two,MultiSplit
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Stories:2
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Roof:Foam
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Basement:false
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Accessibility Features:NotAdaCompliant
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Building Area Total:2309.0
Interior
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Interior Features:InteriorSteps
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Fireplace:$false
Room Dimensions
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Living Area:2309.0
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Living Area Units:SquareFeet
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Living Area Source:Owner
Location
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Directions:From Santa Fe: 285 N/US-84 W/S, take exit 176 toward Cuyamungue, continue onto US-285 Frontage/US-84 Frontage W, turn right onto Banana Ln.
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Latitude:35.8428136
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Longitude:-105.9901397
The Property
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Parcel Number:036006464
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Property Subtype Additional:Detached,SingleFamilyResidence
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Lot Size Acres:2.45
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Lot Size SqFt:106678.44
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Lot Size Area:2.45
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Lot Size Source:Survey
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Lot Size Units:Acres
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Zoning:C-2
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Zoning Description:Commercial General
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Horse:true
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (502) 295-5822
- Office phone:
- (505) 988-8088
Taxes
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Tax Legal Description:D/B/A LAS BRAZAS RESTAURANT TR A T19N R 9E S28 2.248 AC; or as per title binder.
Beds
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Bedrooms Total:5
Baths
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Total Baths:4
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Full Baths:4
Heating & Cooling
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Heating:ForcedAir
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Heating:true
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Cooling:true
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Cooling:CentralAir,Refrigerated
Utilities
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Utilities:ElectricityAvailable
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Sewer:SepticTank
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Water Source:SharedWell
Schools
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Elementary School:Pojoaque
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Middle Or Junior School:Pojoaque Jr High
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High School:Pojoaque High School
The Community
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Association:false
Parking
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Garage:true
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Garage Spaces:2.0
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Carport:true
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Parking Total:15.0
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Parking Features:Carport
Monthly cost estimate
Asking price
$2,300,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$12,315
|
| Taxes | N/A |
| Insurance | $632 |
| Utilities | $182 See report |
| Total | $13,129/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/17/24
Sep 17, 2024
|
Price Changed | SFARMLS | $2,300,000 | -14.8% |
|
7/26/24
Jul 26, 2024
|
Price Changed | SFARMLS | $2,700,000 | -6.9% |
|
7/15/24
Jul 15, 2024
|
Price Changed | SFARMLS | $2,900,000 | -6.5% |
