Cindy Sheff
505.470.6114
2859 NM 14
$989,000
- 4 beds
- 3 baths
- 2,978 sqft
Multi-faceted commercial-residential property, turnkey and ready to go with rental income. Currently operating as a contemporary art gallery, an artist studio, an Airbnb, and…
Key Features
MLS: 202502250
List Date: 05-21-2025
Status: Active
Area: Madrid & Cerrillos
Type: Single Family Residence
Bedrooms: 4
Full Baths: 2
Half Baths: 1
Acres: 0.12
Total Sqft: 2,978
Presented By
Cindy Sheff
505.470.6114
Multi-faceted commercial-residential property, turnkey and ready to go with rental income. Currently operating as a contemporary art gallery, an artist studio, an Airbnb, and a long-term home rental, this property is a gem in the artist community of Madrid. Located right in the heart of town, but with private courtyard areas, this unique plot offers beauty and reprieve while not sacrificing prime location. Property features: Main gallery/commercial floor with adjoining artist studio, kitchen, and bath, second level, private-entry loft apartment currently operating as a licensed Airbnb, and a private, free-standing 3bd/1ba home. Parking for 3 cars. All spaces recently renovated, with excellent natural lighting, this property shines as a bright and fresh investment, business opportunity, residential home, or all of the above. Ideal for an artist or entrepreneur. Option to purchase the existing business, and to keep the long-term rental tenant. Additional option to purchase all furniture/items in Airbnb to enable continuous business operation upon sale. Details to be discussed with the current owner and business operator. Recent improvements include new septic, new electrical panel, mini-split AC/heat units, exterior and interior paint job, lighting upgrades, exterior power-washing, gutter cleaning, professional window cleaning, and landscape upgrades. The property features two large water tanks, one for rainwater catchment, and other for freshwater delivery. Membership to Madrid Community Water will also transfer with the sale.
Additional Features
Days on Market:2
Flooring:Laminate, Tile, Wood
Heating:Heat Pump, Propane
Interior Features:Interior Steps
Stories:Multi/Split
Parking Spaces:3
Property Type:Residential
Property Sub Type:Detached, Single Family Residence
Roof:Pitched
Security Features:Surveillance System
Sewage:Septic Tank
Style:Northern New Mexico
Utilities:Electricity Available
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Schools
Elementary School: Amy Biehl Community
Junior High School: Milagro
High School: Santa Fe
Listing Brokerage
Stephen Hardy
Hardy & Company
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