Listing Courtesy of: Marion Tray Rankin - Sotheby's Int. RE/Washington 505-988-8088 502-295-5822
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4 Banana Lane Santa Fe, NM 87506

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Single Family Residence
5 Beds
4 Baths
2,309 Sq. Ft.
2.45 Acre Lot
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Last updated on 11/21/2024 7:30 PM

Listing Details

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 we...ll 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. Continue reading
MLS#
202402097
Property Type
Single Family
Bedrooms
5
Bathrooms
4 Full
Year Built
1980
Square Feet
2,309 sq. ft
Lot Size
2.45
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Listing Courtesy of: Marion Tray Rankin - Sotheby's Int. RE/Washington 505-988-8088 502-295-5822
Andrea Conner License # 20396 Xome Inc. License # 09022, [email protected] 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Santa Fe Association of Realtors® MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The properties displayed may not be all of the properties available through the IDX Program. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing or leasing. © 2024 Santa Fe Association of Realtors® MLS. All rights reserved.
This content last refreshed on 11/21/2024 7:30 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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