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