2881 & 2883-B Nm 14

$600,000

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2881 & 2883-B Nm 14

$600,000

Contact Presenting Broker

    Caroline Russell

    Caroline D. Russell

    (505) 699-0909

    Key Features

    • MLS: 202502669
    • Status: Active
    • Price: $600,000
    • Area: 12-Madrid/Cerrillos
    • Type: Mixed Use
    • Acres: 0.37

    About this Property

    Rare opportunity to own the only two adjoining undeveloped commercial lots in Madrid's business district along the historic Turquoise Trail. Located at 2881 & 2883 B State Hwy. 14, these properties offer 140 feet of highway frontage with excellent visibility and high daily traffic. Each lot is approximately 8,000 sq. ft., with utilities (water and power) at the property lines and the potential to build up to 2,400 sq. ft. per lot (to be verified with SF County if of material concern). There's ample space for required off-street parking. Included with 2881 is a 200 sq. ft. studio built with 12" pumice and concrete walls, vigas, French doors, thick wood jambs, and a 200 sq. ft. concrete patio. Both parcels are currently rented month-to-month to Connie's Photo Park and Old West Photography, with rental agreements set to terminate at closing. Personal property, including the Gypsy Wagon, stagecoach, camper, costumes, and photo props, are not included in the sale. A standout investment in one of New Mexico's most popular artistic and tourist destinations. The Live work and commercial designations make these lots highly usable. It's rare to find two lots together in the townsite of Madrid. This opens up the possibilities due to current building and us regulations, single lots are hard to develop. Sold as one.

    Additional Features

    • Type Mixed Use
    • Days On Market 22
    • UtilitiesElectricity Available

    Neighborhoods

    Cerrillos & Madrid

    Once home to the large mining community, Madrid is now a sleepy little town of artists. With an ice cream parlour and old fashioned businesses, Madrid feels other-worldly to visitors. Homes here are early 20th century wooden structures painted a variety of colors. Just north of Madrid is Cerrillos, a…

    The Turquoise Trail

    The Turquoise Trail! A beautiful road from Santa Fe all the way to Albuquerque. With many lots 2.5 acres or more, this area is perfect for raising horses on wide open spaces with fewer building restrictions than in the city of Santa Fe. The famous Eaves Movie Ranch where movies…

    Santa Fe County Southwest

    This rapidly growing area with plans for expansion extending into the 2050's is largely made up of rolling hills dotted with pinon and juniper. Most of the communities located here have extraordinary views of the Jemez, the Sangres and the Sandias. Affordable family homes abound! The area also includes Old…

    Schools

    Listing Brokerage

    IDX listing

    Leland Titus

    Santa Fe Realty Unlimited

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