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2864 Nm 14

Cerrillos, NM 87010
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Bed 3

Bed

Bath 3

Bath

SqFt1,382

Sqft

Acres0.18

Acre(Lot)

Unique residential, live-work or investment opportunity in downtown Madrid. Versatile mixed-use property with storefront and multiple residential units. Discover endless possibilities with this mixed-use property, ideally located in the heart of downtown Madrid. Anchored by an approximately 1,400-square-foot storefront, the space is ideal for retail and enjoys a high foot traffic area. Recent improvements include a brand new roof and updates to the electrical and plumbing systems, providing peace of mind for the next owner. Beyond the storefront, the property features three distinct residential spaces: a 320-square-foot upstairs studio apartment, a 612-square-foot downstairs one-bedroom apartment, and a 477-square-foot one-bedroom casita at the rear. Courtyards separate the casita from th e main building, offering functional outdoor space. Whether you are looking for a live-work arrangement, seeking rental income, or considering a unique investment, this property is ready for its next chapter. Come see today and explore the opportunity in vibrant downtown Madrid!

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Detail Ic Property Details

Property Type : Residential

Price : $540,000

AD Id : 88953368

MLS Id : 202603380

Beds : 3

Lot Size : 0.18 Acre

Living Area Size : 1,382

Year Built : 1920

County : Santa Fe

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 3 Full Baths: 2
  • Flooring Information

    Tile, Wood, Stone
  • Roofing Information

    Metal, Shingle
  • Interior Features

    Roof: Metal, Shingle Appliances: Oven, Range, Refrigerator, Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Propane Cooling: None, Window Unit(s)

  • Building Information

    Year Built: 1920 Building Area Total: 2791 Construction Materials: Frame Stories: 2 Private Pool: No Association Fee Frequency: Annually

  • Lot Information

    Main Square Feet: 0.18 Acres Lot Size Acres: 0.18 Lot Size Source: Public Records Lot Size Square Feet: 7685

  • Listing Price Information

    Listing Price: $540000 Cash, Conventional

  • Tax Information

    Parcel Number: 079100952 Tax Legal Desc: IMPROVEMENT 020 T14N R 7E S25

  • School Information

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

    Electricity Available
  • Location Information

    Direction: In downtown Madrid, on east side of the road, across the street from Wild Hogs.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
28 Rainbows End, Cerrillos, NM, 87010 $800,000 3 3 2,455 2,455 SqFt
49 Blue Agave, Cerrillos, NM, 87010 $700,000 1 2 1,476 1,476 SqFt
39 Gopeyka Canyon Rd, Cerrillos, NM, 87010 $1,495,000 3 4 3,343 3,343 SqFt
10 Rail Road, Cerrillos, NM, 87010 $654,000 3 1 1,378 1,378 SqFt
23 River St, Cerrillos, NM, 87010 $450,000 3 2 1,915 1,915 SqFt
26 River Street St, Cerrillos, NM, 87010 $855,000 3 2 2,552 2,552 SqFt
35 Vista Del Oro, Cerrillos, NM, 87010 $1,295,000 7 5 4,190 4,190 SqFt
115 Waldo Mesa, Madrid, NM, 87010 $795,000 3 3 4,474 4,474 SqFt
2882 Nm 14, Cerrillos, NM, 87010 $549,000 3 2 2,129 2,129 SqFt
2829 State Hwy 14, Cerrillos, NM, 87010 $379,000 2 1 724 724 SqFt

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ByOwner last updated this listing 08/07/2026 @ 01:39

MLS: 202603380 LISTED BY: Michael Sanford, Barker Realty, LLC 505-982-9836 SOURCE: Santa Fe Association of REALTORS

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