2859 NM 14

$989,000

1 of 57

2859 NM 14

$989,000

  • 4 beds
  • 3 baths
  • 2978 sqft

Contact Presenting Broker

    Kelly Allen

    505.603.9161

    kelly allen

    Key Features

    • MLS: 202502250
    • Status: Active
    • Price: $989,000
    • Bedrooms: 4
    • Full Baths: 2
    • Half Baths: 1
    • Area: 12-Madrid/Cerrillos
    • Type: Single Family Residence
    • Acres: 0.12
    • Total Sqft: 2,978

    About this Property

    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

    • Type Single Family Residence
    • Stories Multi/Split story
    • Style Northern New Mexico
    • Days On Market 64
    • Parking Spaces3
    • UtilitiesElectricity Available
    • Interior FeaturesInterior Steps
    • HeatingHeat Pump, Propane
    • FlooringLaminate, Tile, Wood
    • Security FeaturesSurveillance System
    • RoofPitched
    • SewageSeptic Tank

    Neighborhoods

    Cerrillos & Madrid

    Madrid, a booming coal town from the late 19th century to the mid-20th century, was on the verge of ghost-town extinction when artists and free-spirited hippies arrived and infused new life to the town in the 1970s. Located 23 miles south of Santa Fe on State Highway 14, also known…

    The Turquoise Trail

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    Santa Fe County Southwest

    Affordable family homes abound in this rapidly growing area with plans for expansion extending into the 2050s. Largely made up of rolling hills dotted with pinon and juniper, most of the communities located here have extraordinary views of the Jemez Mountains, the Sangre de Cristo Mountains and the Sandia Mountains.…

    Schools

    • Elementary School: Amy Biehl Community
    • Junior High School: Milagro
    • High School: Santa Fe

    Listing Brokerage

    IDX listing

    Stephen Hardy

    Hardy & Company

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    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 Keller Williams are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.