417 Palace AveSanta Fe, NM 87501

For Sale
$235,000

Prime location, fully occupied office suite.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • 242 sq ft Class B office condo in Santa Fe, NM (87501).
  • $235,000 purchase price ($971.07/sq ft), fully occupied.
  • Located at 417 East Palace Avenue, Suite 16, downtown Santa Fe, near the Plaza.
  • Onsite parking, high-speed fiber internet available.
  • $272.25 monthly condo fee includes utilities, high-speed internet, HVAC, security, taxes, and access to shared amenities (conference room & kitchen).

Property Details for 417 Palace Ave

Property type
Other office properties, Office properties
Square Feet
242 SF
Class
B

Location Insight

City
Santa Fe
County
Santa Fe
State
New Mexico
Latitude
35.6861081
Longitude
-105.9305387
417 Palace Ave, Santa Fe, New Mexico

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417 Palace Ave
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