Active

2833 14

Madrid NM, 87010

$542,000


$235.35 per sqft

Active

2,303 sqft

Commercial

Built in 1950

This captivating landmark light building offers a unique blend of history, income potential, and artistic charm. Nestled in the heart of vibrant Madrid, this property boasts a spacious, renovated Miner's Cabin - perfect for a gallery, studio, workshop, or retail space. Imagine showcasing your creations under the glow of track lighting, or cozying up by the warmth of a wood-burning stove. An adjacent, light-filled office space provides endless possibilities for your business needs. Income Potential with Two Charming Apartments: Two fully renovated apartments (1,471 sq. ft/832 sq. ft.), each featuring hardwood floors and individual mini-split AC/heating units, offer the potential to generate rental income. With its own separate entrance, the private upstairs apartment boasts a vaulted ceiling, sun-drenched space, and a deck for stargazing or morning coffee. The cozy downstairs apartment features a private deck and a dedicated BBQ area, ideal for entertaining. Unwind and Create in a Tranquil Oasis: A spacious, partially finished basement includes a laundry room and ample storage and workspace. For additional creative pursuits, a separate stucco work studio sits at the back of the property. Unwind in the private, fenced backyard with a dedicated garden area, a perfect escape after a long day. Off-street parking provides added convenience. Immerse Yourself in Madrid's Art Scene: Located just up the street from the famed Mine Shaft Tavern and the heart of Madrid's vibrant art scene. Easy access to Santa Fe (30 mins) and Albuquerque (45 mins) puts world-class museums, culture, shopping, and outdoor adventures at your fingertips. This captivating property offers the perfect blend of income potential, creative space, and a front-row seat to the artistic energy of
Madrid. Don't miss this rare opportunity!

202402231

MLS ID

June 4, 2024

Listed

October 1, 2024

Updated

Map

2833 14
Madrid NM, 87010

Interior Features

Floor Description

Wood


Fireplace

No


Cooling

Yes


Cooling Description

Refrigerated


Heating

No

Exterior/Building Features

Lot Size

0.15 Acres


Roof

Metal, Pitched


Sewer

Septic Tank

Other Property Details

Taxes

$1,754


Tax Frequency

Annually


Days on Market

106


Garage

No


Parking

Other, Parking Available, See Remarks


Parking Total

4


View

No


County

Santa Fe


Water Source

Community/Coop


Pool

No


Zoning

Other,Rural Residential

Listing History

Date

Event

Price

9/19/2024

Price change

$542,000

-2%

8/5/2024

Price change

$550,000

-8%

Listed by Jeff Assad with Barker Realty, LLC
Listing Contact: (505) 501-1888 

The IDX display contains information sourced from the Santa Fe Association of REALTORS® as of 10/1/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Santa Fe Association of REALTORS® all rights reserved.

Data last updated on 10/1/2024 at 9:19 PM UTC

 

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