About 2859 Nm 14
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.
Features of 2859 Nm 14
MLS® # | 202502250 |
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Price | $949,000 |
Bedrooms | 4 |
Bathrooms | 3.00 |
Full Baths | 2 |
Half Baths | 1 |
Square Footage | 2,978 |
Acres | 0.12 |
Year Built | 1990 |
Type | Residential |
Sub-Type | Single Family Residence |
Style | Northern New Mexico |
Status | Active |
Community Information
Address | 2859 Nm 14 |
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Area | 12-Madrid/Cerrillos |
City | Cerrillos |
County | Santa Fe |
State | NM |
Zip Code | 87010 |
Amenities
Utilities | Electricity Available |
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Parking Spaces | 3 |
Is Waterfront | No |
Has Pool | No |
Interior
Interior | Laminate, Tile, Wood |
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Interior Features | Interior Steps |
Heating | Heat Pump, Propane |
Cooling | Ductless, Heat Pump, Refrigerated |
Fireplace | No |
Stories | Multi/Split |
Has Basement | No |
Exterior
Roof | Pitched |
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School Information
Elementary | Amy Biehl Community |
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Middle | Milagro |
High | Santa Fe |
Additional Information
Date Listed | May 21st, 2025 |
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Days on Market | 147 |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Stephen J. Hardy |
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Office | Hardy & Company |