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2833 Hwy 14

Madrid, NM 87010
  • $595,000
  • STATUS: Active
  • ON SITE: 62 Days
  • MLS #: 202401945
UPDATED: 127 min ago
$595,000
  • 2
    BEDS
  • 0.15
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,499
    SQFT
  • $238
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1950
County:

School Information

Elementary School:
Middle School:
High School:

Description

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!

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Santa Fe Association of Realtors logo © 2024 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than EXIT Realty Advantage NM are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. 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. Data last updated 2024-07-23T21:51:45.983.
www.exitadvantagenm.com/homes/150768568
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2833 Hwy 14 Madrid, NM 87010

  • Price: $595,000
  • Status: Active
  • On Site: 62 Days
  • Updated: 127 min ago
  • MLS #: 202401945
2
Beds
2
Baths
0
½ Baths
0.15
Acres
2,499
SQFT
$238
$/SQFT
1950
Built
Neighborhood:
12-Madrid/Cerrillos
County:
Santa Fe
Area:
12-Madrid/Cerrillos
Elementary School:
Amy Biehl Community
Middle School:
Milagro
High School:
Santa Fe
Property Description
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!
Exterior Features

Architectural Style Multi Level Northern New Mexico Construction Materials Frame Metal Siding Wood Siding Garage YN No Levels Two Multi Split Other Structures Studio Detached Parking Features None Parking Total 5 Roof Metal Waterfront YN No

Interior Features

Appliances Electric Cooktop Gas Cooktop Oven Range Refrigerator Water Heater Washer Basement Crawl Space Basement YN Yes Cooling Ductless Refrigerated Cooling YN Yes Fireplace Features Wood Burning Wood Burning Stove Fireplace YN Yes Fireplaces Total 1 Flooring Concrete Tile Wood Foundation Details Basement Heating Baseboard Ductless Electric Propane Heating YN Yes Interior Features Interior Steps Living Area 2303

Property Features

Accessibility Features Not ADACompliant Association Fee 20 Association Fee Includes Road Maintenance Disclosures Lead Based Paint Disclosure Green Water Conservation Rain Water Collection Horse YN No Land Lease YN No Lease Considered YN No Listing Terms Cash Conventional New Loan Property Attached YN No Property Sub Type Single Family Residence Property Sub Type Additional Detached Single Family Residence Sale Or Lease Indicator For Sale Sewer Septic Tank Tax Annual Amount 1753.53 Tax Year 2023 Utilities High Speed Internet Available Electricity Available Water Source Community Coop

Santa Fe Association of Realtors logo Listing provided courtesy of Jeff Assad of Barker Realty, LLC: (505) 982-9836. © 2024 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.


Santa Fe Association of Realtors logo © 2024 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than EXIT Realty Advantage NM are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. 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. Data last updated 2024-07-23T21:51:45.983.
 
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