417 Palace AveSanta Fe, NM 87501

Property Details for 417 Palace Ave

Property size (Sq ft)

242 SF

Property type

Office properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Santa Fe

County

Santa Fe

State

New Mexico

Latitude

35.6861

Longitude

-105.931

FAQs

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