Pacheco Office Plaza Office Condominium
Development Opportunity in an existing condo development.
Marketing description
SALE PRICE: $650,000
LEASE RATE: See broker.
Possible build-to-suite, see broker for more details.
LEGAL DESCRIPTION: Reserved Development Right to Create an Additional 6 Units of Pacheco Plaza Office Condominium, created By Condominium Declaration for Pacheco Plaza Office Condominium.
ZONING: C-1 (Office and Related Commercial District) City of Santa Fe
OVERLAY: South Central Highway Corridor Protection District
TRAFFIC: 39,299 CPD (St. Francis 2022)
Investment highlights
• Approved office development site, located in an existing condominium development.
• Significant improvements already in place, including landscaping and parking lot.
• Hard to find opportunity with significant barriers to new development.
• Near major development - Christus St. Vincent's Hospital ($80 million expansion underway), Los Alamos National Laboratories Office/Administration (500 employees), Smith’s Grocery, Starbuck’s Coffee, State Employees Credit Union, Wells Fargo, USPS and others.
• Great location with easy access to St. Francis Drive and St. Michaels Drive.
• Specular views of the Santa Fe National Forest to the east. Possible visibility from St. Francis Drive.
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