NM > Santa Fe
Santa Fe, NM 87507,1197 Parkway Drive
Santa Fe, NM 87507,1197 Parkway Drive
Santa Fe, NM 87507,1197 Parkway Drive
Santa Fe, NM 87507,1197 Parkway Drive
Santa Fe, NM 87507,1197 Parkway Drive
Santa Fe, NM 87507,1197 Parkway Drive
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Sabine Lauer

Sabine Lauer

+1(505) 629-8876
$ 2,501,111
Est. payment | /mo

0.87 Acres Lot

Save
$ 2,501,111
Est. payment | /mo
Save

0.87 Acres Lot

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202502344

HOA Y/N No

Year Built 1990

Annual Tax Amount $9,708

Tax Year 2025

Lot Size 0.870 Acres

Acres 0.87

Property Sub-Type Industrial

Property Description

NN Lease Investment Opportunity at a 7.25% cap rate. Leased to Performance Maintenance Incorporated (PMI), a regional cleaning and janitorial supply company with annual CPI rent increases. Metal industrial building in the Richard Avenue industrial park with finished office space and high bay warehouse featuring loading dock with dock leveler, covered loading bay, large warehouse space, dock door 10' X 10', on grade roll up door 12' H x 10' W, fenced paved storage area and paved parking with 27 spaces. Compressed air plumbing in place throughout, needs a compressor. Structure consists of steel beams with no center columns, pro-panel roof and siding, insulation batt interior in the warehouse, drywall interior with hung ceiling in the office, and concrete slab floor. Built circa 1990.
Inside clear height is 21'. Zoning is I-1 and allows for office, light industri l, storage, distribution, and more. Regulation of uses per Covenants and Restrictions of the Richards Avenue Business Park which prohibits residential, auto maintenance, junk yards, kennels, noxious, etc. Utilities include gas, 120/240V single phase electric and 480V three phase heavy power, city water, sewer. Warehouse HVAC: hanger heaters in the warehouse, no cooling. Warehouse office has cassette HVAC. Office HVAC: Ducted heating and air conditioning in the office.
Total area: 11,329sf±
Warehouse area: 8,744sf±
Main Office area: 2,118sf±
Second Floor Warehouse Office: 466sf±

Location

State NM

County Santa Fe

Zoning I-1

Interior

Fireplace No

Exterior

Parking Features Paved, Parking Available, Parking Lot

Utilities Available Electricity Available

Water Access Desc Public

Roof Type Metal

Present Use Industrial

Total Parking Spaces 27

Private Pool No

Building

Sewer Public Sewer

Water Public

Others

Tax ID 59216142

Acceptable Financing Cash, Conventional, New Loan

Listing Terms Cash, Conventional, New Loan

Special Listing Condition Standard

Santa Fe MLS (SFARMLS)
Listed by Tai Bixby • Real Estate Advisors, LLC

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agent
Sabine Lauer

Broker Associate | License ID: 53656

+1(505) 629-8876

150 Washington Ave., Suite 201, Santa, Mexico, 875, United States

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