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2885 Hwy 14

Madrid, NM 87010
  • $1,150,000
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: 202401904
UPDATED: 105 min ago
$1,150,000
  • 4
    BEDS
  • 0.16
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 4,078
    SQFT
  • $282
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1878
County:

School Information

Elementary School:
Middle School:
High School:

Description

This beautiful income-producing property in historic downtown Madrid NM is ready for its new owners! Originally built as a Miners Boarding House, this prestigious building now supports a successful grocery store and owner's residence. This large flexible space offers numerous possibilities for commercial use or as a private residence. Zoned mixed use, this historic property would work well as a restaurant, grocery, gift shop, brewery or simply move in! Built in the late 1800s and brought by rail to Madrid, this beautiful property has been lovingly restored by the current owners. Taking care to preserve the original character, recent updates include a new roof, 400 amp electrical, newer plumbing, and instant hot water. The strong Private Well equipped with a 1000-gallon cistern provides a dependable water source and a new Septic System was installed in 2022! The lower level is currently a popular grocery store and has been wired to support a commercial kitchen with plenty of storage, including a walk-in cooler and freezer. (Grocery equipment and chattel to be sold separately.) The upper-level features tall ceilings with original finishes, multiple connecting rooms, and wet walls for ease of added baths. The covered screened porch showcases beautiful views and there is plenty of parking for all of your customers and guests. Additional space in the large walk-up attic offers more opportunity while a separate rental casita and original 'wash house' are included in the sale. Please schedule through ShowingTime or call listing broker directly. Advanced notice required

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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/150620697
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2885 Hwy 14 Madrid, NM 87010

  • Price: $1,150,000
  • Status: Active
  • On Site: 67 Days
  • Updated: 105 min ago
  • MLS #: 202401904
4
Beds
3
Baths
0
½ Baths
0.16
Acres
4,078
SQFT
$282
$/SQFT
1878
Built
Neighborhood:
12-Madrid/Cerrillos
County:
Santa Fe
Area:
12-Madrid/Cerrillos
Elementary School:
Amy Biehl Community
Middle School:
Unknown
High School:
Santa Fe
Property Description
This beautiful income-producing property in historic downtown Madrid NM is ready for its new owners! Originally built as a Miners Boarding House, this prestigious building now supports a successful grocery store and owner's residence. This large flexible space offers numerous possibilities for commercial use or as a private residence. Zoned mixed use, this historic property would work well as a restaurant, grocery, gift shop, brewery or simply move in! Built in the late 1800s and brought by rail to Madrid, this beautiful property has been lovingly restored by the current owners. Taking care to preserve the original character, recent updates include a new roof, 400 amp electrical, newer plumbing, and instant hot water. The strong Private Well equipped with a 1000-gallon cistern provides a dependable water source and a new Septic System was installed in 2022! The lower level is currently a popular grocery store and has been wired to support a commercial kitchen with plenty of storage, including a walk-in cooler and freezer. (Grocery equipment and chattel to be sold separately.) The upper-level features tall ceilings with original finishes, multiple connecting rooms, and wet walls for ease of added baths. The covered screened porch showcases beautiful views and there is plenty of parking for all of your customers and guests. Additional space in the large walk-up attic offers more opportunity while a separate rental casita and original 'wash house' are included in the sale. Please schedule through ShowingTime or call listing broker directly. Advanced notice required
Exterior Features

Architectural Style Victorian Construction Materials Frame Wood Siding Garage YN No Levels Two Other Structures Guest House Detached Outbuilding Storage Parking Total 12 Roof Pitched Shingle

Interior Features

Appliances Dryer Oven Range Refrigerator Washer Basement Other See Remarks Basement YN No Cooling None Cooling YN No Electric Other Item220 Volts Fireplace YN No Fireplaces Total 0 Flooring Carpet Wood Heating Baseboard Hot Water Radiant Heating YN Yes Interior Features Interior Steps Living Area 3658

Property Features

Accessibility Features Not ADACompliant Disclosures Lead Based Paint Disclosure Horse YN No Land Lease YN No Lease Considered YN No Listing Terms Cash Conventional Item1031 Exchange New Loan Pool Features None 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 Utilities High Speed Internet Available Other Water Source Private Well Zoning Description mixed use

Santa Fe Association of Realtors logo Listing provided courtesy of Sasha Duffy of Coldwell Banker Mountain Prop: (505) 988-7285. © 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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