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2885 Hwy 14, Cerrillos, NM 87010

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For Sale

$1,150,000

4 beds • 3 baths • 4,078 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • 1878
    Year built

  • $282.00
    Price per square foot

Explore this Property

This beautiful income-producing property in historic downtown Madrid NM is ready for its new owners! Originally built as a Miners Boarding House, this prestigious building now supports a successful grocery store and owner?s residence. This large flexible space offers numerous possibilities for commercial use or as a private residence. Zoned mixed use, this historic property would work well as a restaurant, grocery, gift shop, brewery or simply move in! Built in the late 1800s and brought by rail to Madrid, this beautiful property has been lovingly restored by the current owners. Taking care to preserve the original character, recent updates include a new roof, 400 amp electrical, newer plumbing, and instant hot water. The strong Private Well equipped with a 1000-gallon cistern provides a dependable water source and a new Septic System was installed in 2022! The lower level is currently a popular grocery store and has been wired to support a commercial kitchen with plenty of storage, including a walk-in cooler and freezer. (Grocery equipment and chattel to be sold separately.) The upper-level features tall ceilings with original finishes, multiple connecting rooms, and wet walls for ease of added baths. The covered screened porch showcases beautiful views and there is plenty of parking for all of your customers and guests. Additional space in the large walk-up attic offers more opportunity while a separate rental casita and original ?wash house? are included in the sale. Please schedule through ShowingTime or call listing broker directly. Advanced notice required
MLS# 202401904

Courtesy Of Coldwell Banker Mountain Properties

(505) 988-7285

Property Features

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Map and Directions

Directions to 2885 Hwy 14, Cerrillos, NM 87010

Home seller CENTURY 21 Camco Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Camco Realty

(505) 292-2021
Learn More About Us

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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