Bell Tower | KW
Great location. 9% cap rate with growth potential. This excellent opportunity has multi use potential. Zoned C-2/PUD. There is a development plan in place that has been approved by the city, and allows up to 12000 square feet. The development plan includes a garage, and additional square footage, all though the design can be modified as long as the allowable square footage is not exceeded. There is wonderful Santa Fe character, and charm, one of the front buildings is 100+ year old and constructed of adobe, with wood floors, vigas, and fireplace. There is just under an acre of usable land. The property includes 7 units that are currently fully leased.
Logic Real Estate