The Jewel of Downtown Santa Fe

Retail-Commercial for Sale
Catylist Listing ID: 30273921
Property Subtypes: Mixed Use, Street Retail
Condo? Yes
Building Size (RSF): 5,674 SF
Gross Building Area: See Agent
Sale Price: $2,500,000
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Windsor Betts
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/17/2018

Overview / Comments

The distinctive Windsor Betts Art Brokerage House is owned by Alex Windsor Betts, who created the art brokerage niche in Santa Fe 30 years ago.
Windsor Betts Art Brokerage presently occupies the entire building located at 143 Lincoln Avenue on the corner of Lincoln and Marcy streets. After 30 successful years in the Santa Fe art business the owner is retiring.
The location has produced stellar sales results, benefiting from the following:
• one block north of the famous downtown plaza
• situated between the New Mexico History Museum and the Santa Fe Convention Center
• around the corner from popular Santa Fe restaurants.
The Art Brokerage —representing fine art collectors and interfacing with Santa Fe’s 250 galleries—will also be for sale once the building has sold. This three-story historical building has an elevator, large display windows and could house gallery/retail space, but could also have a penthouse apartment on top floor. It has kitchen facilities to host openings and a good deal of storage in the lower-level.

Current Tenants

Tenant Business Name "French" Products Retail
Is Renting? Yes
SF of Space Occupied 498 SF
Current Rent $3,100 PSF (Annual)

Additional Details

Nearest MSA: Santa Fe
County: Santa Fe
Taxing Authority: Santa Fe City
Tax ID/APN: 910015754
Is Condo?: Yes
Zoning: BCDD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: corner of Lincoln and Marcy Streets
Property Visibility: Excellent
Largest Nearby Street: Paseo de Peralta
Airports: SF Airport, Albuquerque Sunport
Area Description: -One block north of the famous downtown plaza -situated between the NM History Museum and the Santa Fe Convention Center -around the corner from popular Santa Fe restaurants
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1910
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Other
Parking Description: Street Parking
Passenger Elevators: 1
Heat Type: Natural Gas
Internet Access: Cable
Interior Description: The first floor is Unit 1 (French store) and it is 498 sq. ft. with a workspace underneath it in the same foot print. The other first floor retail space is Unit 2 and it is 1385 sq. ft. The basement is 1917 sq. ft. and the top floor is Unit 4 and it is 1872 sq. ft.
Zoning Description: BCDD
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,538 40,258 63,508
Median Age: 54.36 48.32 45.82
Households: 4,080 20,560 30,379
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