304 Johnson

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  • Price: $1,600,000
  • MLS: 202502254
  • Status: Active
  • Type: Retail
  • Acres: 0.24
  • Area: 1-SF City Limits NE
  • Total Sqft: 0

Property Description

Since 2013, the property has been home to Terracotta Wine Bistro, a well-established and highly regarded restaurant known for its award-winning cuisine and curated wine list. The restaurant's success and reputation have contributed to a stable, long-term commercial tenancy that provides consistent income. Their continued presence not only adds credibility and vibrancy to the property but also ensures a level of operational continuity that appeals to investors seeking dependable returns. The property presents a compelling value-add opportunity through the conversion of its long-term residential rental units into short-term hospitality accommodations. With Santa Fe's strong tourism market, short-term rentals command significantly higher rates, offering the potential for increased cash flow. Additionally, an underutilized garage space could be converted into heated square footage, potentially allowing for the addition of a third studio unit. These upgrades would enhance both the income potential and overall value of the property.

Additional Information

  • Type Retail
  • Days On Market 43
  • Parking FeaturesParking Available
  • SewagePublic Sewer
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 Sotheby's International Realty are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.

Presenting Broker

Roxanne Apple
(505) 660-5998
Sotheby's International Realty ®
Email Broker

Neighborhood Info

Santa Fe City Northeast

The Northeast of Santa Fe, within city limits, combines the pleasures of quiet living with the conveniences of location. On every tree-lined street are examples of newer, award-winning architecture and well-established, older adobes. In addition to the famous Plaza, this area includes all the land reaching up to the Jemez and the Sandias.

Listing Broker

IDX listing
Jacob Rocker
Real Estate Advisors, LLC