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About This Home
This 0-bedroom, 0-bathroom commercial at 2849 NM 14 in Madrid, NM is listed for $875,000 ($384 per sqft). Built in 1989, the home offers 2,279 sqft of living space on a 0.17 acres lot.
Commercially zoned property in the heart of the quintessential historic town of Madrid, perfectly located on vibrant Main Street in a highly desirable location to capture business from tourists and locals alike. Madrid is a fun and colorful community just outside of Santa Fe and is the most popular visitor stop along the National Scenic Byway, the Turquoise Trail, making it an ideal day trip linking Santa Fe and Albuquerque.
The Trail attracts visitors from all over the world who come to experience the rich culture and history of this picturesque Western town. The property features a fully equipped commercial kitchen and is being sold fully furnished and equipped to operate a successful restaurant.
It also boasts a state-of-the-art fire alarm system. Currently leased to The Refinery, offering a solid investment opportunity with a high cap rate and return. At one time, the property operated as two businesses, a retail space in the Santa Fe Railroad railcar situated on site; the railcar is now configured as additional indoor dining.
The property offers both indoor and outdoor dining experiences, with the outdoor space overlooking the Madrid Museum and long serving as a dynamic setting for dining and live music. Designated parking is conveniently located along State Highway 14 directly in front of the restaurant.
Key Features
- Built in 1989
- 0.17 acre lot
Property Details
Monthly Cost Estimate
$4,680/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2849 NM 14
Madrid, NM 87010
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 2849 NM 14 is listed at $875,000 ($384/sqft). The estimated monthly payment is $3,792 based on 20% down at 6.5% interest.
Key features include: Built in 1989, 0.17 acre lot.
This property is listed by Leslie Gallatin-Giorgetti and can be reached at 5056707578 or giorgettirealty@gmail.com.