Santa Fe
Santa Fe is the capital of the State of New
Mexico. The median household income is
$52,958. The population within the city limits is
nearly 70,000. Tourism is a major component
of the city’s economy. Santa Fe’s four
distinct seasons and pristine natural
surroundings offer unique outdoor
opportunities throughout the year in our
beautiful Sangre de Cristo mountains.
311 Old Santa Fe Trail
The New Mexico State Land Office is
pleased to offer a long term business
lease on property located at 311 Old
Santa Fe Trail, in the prestigious
market of Santa Fe, New Mexico.

Rare, downtown Santa Fe opportunity

Existing site could be demolished for a new
commercial, residential or mixed-use concept

Existing buildings could be renovated (and
updated

Phase II Environmental Site Assessment has been
completed

Real property appraised in excess of $8 million

Property is approximately 1 block north of the
State Capitol and 2 blocks south of the Historic
Santa Fe Plaza
Property
This site has been owned by a private trust for
generations. The New Mexico State Land Office
recently acquired the 2.72 acre property
through a land exchange with Cochiti Pueblo.
There are 83 rooms, a swimming pool and
restaurant on-site. The main building has a
gross floor area of 11,046 sq. ft. The existing
ground lease expires on August 31, 2017.

UNESCO Creative city in Design,
Crafts and Folk Arts

Rated 1st as “Best U.S. City” for
Shopping by readers of USA Today

Rated 2nd “Best Places” to Retire in
the U.S. by Conde Nast Travelers

Rated 4th “Best Cities” in US Travel +
Leisure Magazine
Market Advantages on
State Trust Lands

Lessee is exempt from ad valorem
property taxes on lands under a lease
with terms of 75 years or less

Often, the lessee can deduct lease
payments for income tax purposes if
lease is qualified by IRS
New Mexico
State Land
Office
Commissioner Dunn and the State Land
Office manage 9 million acres of
surface estate and 13 million mineral
acres held in trust for public schools,
universities, hospitals, correctional
facilities, water projects and public
building construction and repair.
Commissioner Dunn will determine the
highest and best bidder for this property
in a two-stage process.
In the first stage, interest parties will
submit a “Statement of Interest” which
includes a detailed proposal describing
how the property would be used. In
the second stage, a public auction will
be held where bidders will submit bid
packages that include a strategic plan,
a financial offer with a project
budget/financial pro forma, and a land
use/development plan.
An Information Package is available at
the Land Office.
______________________________________
New Mexico State Land Office
310 Old Santa Fe Trail
Santa Fe, New Mexico 87504
(505) 827-3810
www.nmstatelands.org
PLACE
STAMP
HERE
An extraordinary opportunity
to redevelop or update a 2.72
acre property located in the
heart of downtown Santa Fe,
New Mexico. The property is
in close proximity to the
historic Santa Fe Plaza, State
Capitol, restaurants, shopping
and world acclaimed
galleries. Additionally, the
property is ideal for new site
development including
commercial, residential, retail
or mixed use development.
New Mexico State Land Office
310 Old Santa Fe Trail
Santa Fe, NM 87504
Prestigious Downtown Santa Fe
Redevelopment Opportunity
311 Old Santa Fe Trail
Santa Fe, New Mexico 87504