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Downtown Santa Fe with BCD Zoning

203 W Water St Santa Fe, NM 87501

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Overview

This is a very rare opportunity to purchase or lease a historic commercial property in the heart of downtown Santa Fe just off the Plaza. Santa Fe continues to be one of the top destinations in the country and was just named the number two Best City to visit in the US by Travel and Leasure. The building is surrounded by some of the best galleries, shops, and restaurants in town. The zoning is BCD which is highly sought after due to the flexibility it affords - nearly any business is allowed along with residential or live/work. There is beautiful hardwood flooring, exposed beams, plaster walls, 3 changing rooms, a sizable storage room, a small office, a kitchenette, and a bathroom. Possible uses include gallery space, retail, and office space. The entire West wall of the building is not adjacent to another structure and has open space - very rare for downtown. The space is highly visible as it is on one of the highest-trafficked walking corridors in Santa Fe. A large public parking garage is located just a few doors away. The building is priced for sale under market value at ~$500/sq. ft. Schedule a showing today and Don't miss this great opportunity to be a part of downtown Santa Fe!

Lease Spaces

NameRate
Entire Space$7,500 /Month

For Sale/Lease

Retail

Secondary Uses: Free Standing

Lease Rate
$7,500 Month
Sale Price
$1,425,000
Building Size
2,988 SF
Structure
Net
Showing Instructions
See Notes
Number of Buildings
1
Floors
1
Construction Siding
Stucco
Nearest MSA
Santa Fe
Property Status
Existing
Power Provider
PNM
Water Provider
City - City of Santa Fe
Sewer Provider
City - City of Santa Fe
Natural Gas Provider
NM Gas Company
County
Santa Fe
Created
2023-07-13
Updated
2025-01-27
Listing ID
5118ca4c
Parcel APN
99306890

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