4 Banana Lane

$2,300,000

1 of 37

4 Banana Lane

$2,300,000

Contact Presenting Broker

    Kelly Allen

    505.603.9161

    kelly allen

    Key Features

    • MLS: 202402095
    • Status: Active
    • Price: $2,300,000
    • Area: 16-Pojoaque Valley
    • Type: Mixed Use
    • Acres: 2.45

    About this Property

    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 commercial offering includes a well 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.

    Additional Features

    • Type Mixed Use
    • Days On Market 178
    • Parking FeaturesPaved, Parking Available, Parking Lot
    • Parking Spaces122
    • UtilitiesHigh Speed Internet Available, Electricity Available
    • FlooringTile
    • Construction MaterialsFrame
    • Water SourcePrivate, Well
    • SewageSeptic Tank

    Neighborhoods

    Nambe Area

    The Nambe area is located in Northern New Mexico between Santa Fe and Taos. This area possesses some of the most spectacular and varied landscapes to be found in New Mexico. Beautiful bucolic communities lie alongside the Taos Gorge and the Rio Grande River including  Espanola, Velarde, and Dixon. This route is  known as …

    Schools

    Listing Brokerage

    IDX listing

    Marion Tray Rankin

    Sotheby's Int. RE/Washington

    View Map
    Click to View Map
    The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of SFAR MLS, Inc. Real estate listings held by brokers other than Keller Williams are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.