2833 Hwy 14, Madrid, NM 87010

$595,000
2
BD
2
BA
2,303
SqFt
List Price
$595,000
Status
ACTIVE
MLS#
202401945
Year Built
1950
Bedrooms
2
Bathrooms
2
Living Area
2,303
Lot Size
6,490
Area
12-Madrid/Cerrillos
Days On Market
33

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!

Additional Information

Style
Multi-Level, Northern New Mexico
Acres
0.15
Sewer
Septic Tank
Roof
Metal
Garage Desc
None
Fireplaces
1
Levels
Two, Multi/Split
Heating
Baseboard, Ductless, Electric, Propane
Cooling
Ductless, Refrigerated
Appliances
Electric Cooktop, Gas Cooktop, Oven, Range, Refrigerator, Water Heater, Washer
Elementary School
Amy Biehl Community
Middle School
Milagro
High School
Santa Fe

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Jeff Assad from Barker Realty, LLC

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 Real Estate Company 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, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the SANTA FE ASSOCIATION OF REALTORS®.