Listing Details

Property Description

Century Plaza is a two building, 43, 739 square foot community retail center on the northeast corner of Cerrillos Road and Rodeo Road, the busiest retail intersection in Santa Fe and directly adjacent to Santa Fe Place Mall. Reported traffic counts are 32, 818 vehicles per day on Cerrillos and 22, 228 on Rodeo, and the center has a curb cut on each street. Built in 1994 in the Santa Fe style on 3.8120 acres. The main building is two stories, with ground floor retail and service shops wrapping a 205 space surface lot and a second floor of office and flex suites served by one passenger elevator and two exterior stairwells. A freestanding 8, 454 square foot restaurant and brewery building sits on the southern portion of the site. Flat membrane roof over block and frame construction with stucco finish. Dollar Tree anchors the center on a lease running through February 2052. Other tenants include Hidden Mountain Brewing, T-Mobile, OneMain Financial, Baskin Robbins, Corona Del Rey Barber, Santa Fe Bagels, the New Mexico State Armory Board and Serenity Nails. Ten leases are in place across 35, 531 square feet, with 8, 911 square feet available in one ground floor inline suite and three second floor suites. Zoned C-2 Community Commercial. The property is a legal non-conforming use as to parking. Property is in foreclosure and receivership. Sale subject to approval by the court and the receiver. Seller has limited knowledge of the recent financial performance of property and its physical condition due to the receivership. Buyer must perform due diligence with limited information provided by seller and receiver and obtain its own information to be satisfied with the property. Seller will be limited in ability to make representations and warranties upon sale. Offering memorandum available to qualified purchasers. Information deemed reliable but not guaranteed, buyer to verify.