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 the 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!
Cerrillos is located in New Mexico. Cerrillos, New Mexico has a population of 1,154. Cerrillos is less family-centric than the surrounding county with 17.3% of the households containing married families with children. The county average for households married with children is 23.22%.
The median household income in Cerrillos, New Mexico is $34,846. The median household income for the surrounding county is $64,423 compared to the national median of $69,021. The median age of people living in Cerrillos is 59.4 years.
The average high temperature in July is 88 degrees, with an average low temperature in January of 20.8 degrees. The average rainfall is approximately 15 inches per year, with 31.1 inches of snow per year.
