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2833 NM 14

$542,000

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…

Key Features

MLS: 202402231

List Date: 06-04-2024

Status: Active

Area: Madrid & Cerrillos

Type: Retail

Acres: 0.15

Presented By

Photo of Cindy Sheff

Cindy Sheff

505.470.6114

Photo of Michael Sanford

Michael Sanford

505.916.6644

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 ofMadrid. Don’t miss this rare opportunity!

Additional Features

Construction Materials:Frame

Days on Market:135

Flooring:Wood

Parking Features:Other, Parking Available, See Remarks

Parking Spaces:4

Property Type:Commercial Building

Property Sub Type:Mixed Use

Roof:Metal, Pitched

Sewage:Septic Tank

Utilities:High Speed Internet Available, Electricity Available

Water Source:Community/Coop

Zoning:Other, Rural Residential

About the Neighborhood

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Schools

Listing Brokerage

IDX listing

Jeff Assad

Barker Realty, LLC