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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 950 sqft
Price per Sqft $263
MLS Listing ID 202603236
Style Multi-Level
Bedrooms 2
Full Baths 1
HOA Fees $20/ann
HOA Y/N Yes
Year Built 1970
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Single Family Residence
Property Description
Perfectly positioned just steps from Madrid's vibrant main street, this unique mixed-use property offers the best of both worlds—high visibility for a business venture while maintaining the privacy and tranquility of a tucked-away setting. Opportunities like this are exceptionally rare in one of New Mexico's most beloved and distinctive communities.
The existing two-story home is full of character and untapped potential. Featuring two bedrooms, one bathroom, a comfortable living room, and a cozy kitchen, the home provides an excellent foundation for restoration or expansion. The generously sized lot offers ample room to add on, making it ideal for creating a custom residence, artist's retreat, gallery, boutique, studio, or the ultimate live-work space.
With mixed-use zoning already in place, your possibilities are as expansive as your imagination.
Madrid is internationally recognized for its laid-back charm, vibrant arts community, and welcoming atmosphere. Just a short stroll from your front door, you'll find locally owned coffee shops, bakeries, art galleries, boutiques, and restaurants serving authentic New Mexico favorites. Once a thriving coal mining town, Madrid has transformed into one of the Southwest's most iconic destinations, attracting visitors year-round with its rich history, scenic beauty, and unforgettable character.
During the holiday season, the town truly comes alive with its legendary Christmas light display, when thousands of lights illuminate the entire community, creating one of New Mexico's most cherished holiday traditions.
Whether you're searching for a distinctive home, a business opportunity, an investment property, or a place to combine all three, this exceptional property offers an unmatched location and unlimited potential.
Don't miss your opportunity to own one of Madrid's most desirable mixed-use properties—where history, creativity, and opportunity come together in the heart of one of New Mexico's most extraordinary towns.
Location
State NM
County Santa Fe
Interior
Interior Features Interior Steps
Heating Propane
Cooling None
Fireplace No
Exterior
Parking Features None
Utilities Available Electricity Available
Water Access Desc Public
Roof Type Flat
Accessibility Not ADA Compliant
Total Parking Spaces 4
Private Pool No
Building
Entry Level Two,Multi/Split
Sewer Septic Tank
Water Public
Architectural Style Multi-Level
Level or Stories Two, Multi/Split
Schools
Elementary Schools Turquoise Trail
Middle Schools Milagro
High Schools Capital
Others
HOA Fee Include Common Areas
Tax ID 76004096
Acceptable Financing Cash, Conventional, New Loan
Listing Terms Cash, Conventional, New Loan
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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Maya Hiersoux
Broker Associate | License ID: 54287
Broker Associate License ID: 54287