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A rare opportunity to acquire a landmark commercial property in the heart of downtown Santa Fe, anchored by nearly four decades of restaurant history. Near the historic Plaza, Guadalupe Street district, and Georgia O'Keeffe Museum, Pranzo Italian Grill has served the Santa Fe community since 1987, building a loyal following across generations of locals and visitors alike. The restaurant earned a Wine Spectator award for excellence every year starting in 2006, building on that legacy of quality. In 2020, the owners relocated Pranzo to this 1930s adobe building at the corner of Johnson and Guadalupe, investing in a full restorative upgrade including utilities, roof, stucco, windows, a redesigned kitchen with all new equipment, and an interior transformation that delivers multiple dining rooms, a private dining space, a central bar, and a vegetable-planted patio, all while preserving the historic character of the structure. Corner exposure provides convenient guest egress on both Johnson St and Guadalupe St, complemented by ample on-site parking, with interior seating for up to 94 guests and an additional 20 on the patio, ensuring every guest feels welcomed.

Highlights

  • Commercial Sale
  • Business
  • 0.27 Acre Lot
  • 95 days on Market

  • Stories
    1.0
  • Construction Materials
    Adobe
  • Cooling
    Ductless
  • Heating
    Natural Gas

  • Acres
    0.27
  • Utilities
    Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected, Underground Utilities, Phone Connected

  • Area
    300 - City of Santa Fe
  • County
    Santa Fe
  • City
    Santa Fe
  • Zip Code
    87501

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Frequently Asked Questions

How do I schedule a tour of 321 Johnson St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 321 Johnson St.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 321 Johnson St?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $3,300,000. We can talk through recent upgrades, potential seller motivation, how this business compares to others in Santa Fe, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 321 Johnson St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 321 Johnson St at around $19,886. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 321 Johnson St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Santa Fe County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 321 Johnson St?

In most cases, yes. Whether 321 Johnson St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Santa Fe's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 321 Johnson St?

We can handle that for you. Our preferred local agent specializes in commercial sales in Santa Fe and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $3,300,000 with 4,052 sqft of space—that comes out to approximately $814 per square foot.

How long has this property been on the market?

321 Johnson St was listed on August 11, 2026, which means it's been on the market for 95 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What is the lot size of this property?

321 Johnson St sits on a 0.27-acre lot, which is 11,761 square feet.

What are the property taxes for 321 Johnson St?

The most recent public record shows annual property taxes for 321 Johnson St were approximately $13,275. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 321 Johnson St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Continental Real Estate Group, Inc, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved.

Last Updated: November 14, 2026 at 06:06PM | Source: Southwest MLS (Greater Albuquerque Association of REALTORS) | MLS#: 1108949