This captivating landmark light building offers a unique blend of history, income potential, and artistic charm. Nestled in the heart of vibrant Madrid, this property boasts a spacious, renovated Miner's Cabin - perfect for a gallery, studio, workshop, or retail space. Imagine showcasing your creations under the glow of track lighting, or cozying up by the warmth of a wood-burning stove. An adjacent, light-filled office space provides endless possibilities for your business needs. Income Potential with Two Charming Apartments: Two fully renovated apartments (1,471 sq. ft/832 sq. ft.), each featuring hardwood floors and individual mini-split AC/heating units, offer the potential to generate rental income. With its own separate entrance, the private upstairs apartment boasts a vaulted ceiling, sun-drenched space, and a deck for stargazing or morning coffee. The cozy downstairs apartment features a private deck and a dedicated BBQ area, ideal for entertaining. Unwind and Create in a Tranquil Oasis: A spacious, partially finished basement includes a laundry room and ample storage and workspace. For additional creative pursuits, a separate stucco work studio sits at the back of the property. Unwind in the private, fenced backyard with a dedicated garden area, a perfect escape after a long day. Off-street parking provides added convenience. Immerse Yourself in Madrid's Art Scene: Located just up the street from the famed Mine Shaft Tavern and the heart of Madrid's vibrant art scene. Easy access to Santa Fe (30 mins) and Albuquerque (45 mins) puts world-class museums, culture, shopping, and outdoor adventures at your fingertips. This captivating property offers the perfect blend of income potential, creative space, and a front-row seat to the artistic energy of Madrid. Don't miss this rare opportunity!
Madrid is located in New Mexico. Madrid, New Mexico has a population of 153. Madrid is less family-centric than the surrounding county with 0% of the households containing married families with children. The county average for households married with children is 23.52%.
The median household income in Madrid, New Mexico is $33,393. The median household income for the surrounding county is $57,945 compared to the national median of $57,652. The median age of people living in Madrid is 53.4 years.
The average high temperature in July is 86.7 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 15.5 inches per year, with 26.5 inches of snow per year.
