1. New Mexico
  2. Cerrillos
  3. 2859 NM 14
$989,000

2859 NM 14, Cerrillos, NM 87010

  • 4 beds |
  • 3 baths |
  • 2,978 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1990
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $332/sqft
  • Property List Date Icon Listed 19 days ago

Property Description

Multi-faceted commercial-residential property, turnkey and ready to go with rental income. Currently operating as a contemporary art gallery, an artist studio, an Airbnb, and a long-term home rental, this property is a gem in the artist community of Madrid. Located right in the heart of town, but with private courtyard areas, this unique plot offers beauty and reprieve while not sacrificing prime location. Property features: Main gallery/commercial floor with adjoining artist studio, kitchen, and bath, second level, private-entry loft apartment currently operating as a licensed Airbnb, and a private, free-standing 3bd/1ba home. Parking for 3 cars. All spaces recently renovated, with excellent natural lighting, this property shines as a bright and fresh investment, business opportunity, residential home, or all of the above. Ideal for an artist or entrepreneur. Option to purchase the existing business, and to keep the long-term rental tenant. Additional option to purchase all furniture/items in Airbnb to enable continuous business operation upon sale. Details to be discussed with the current owner and business operator. Recent improvements include new septic, new electrical panel, mini-split AC/heat units, exterior and interior paint job, lighting upgrades, exterior power-washing, gutter cleaning, professional window cleaning, and landscape upgrades. The property features two large water tanks, one for rainwater catchment, and other for freshwater delivery. Membership to Madrid Community Water will also transfer with the sale.

Listing Status:
Active
Date Added:
May 21, 2025 at 05:00AM
Listing Office:
Hardy & Company : (505) 629-0010
Listing Agent:
Stephen J. Hardy : (505) 992-3253
MLS ID:
202502250
  • General: Interior Steps
  • Flooring: LaminateTileWood
  • A/C: DuctlessHeat PumpRefrigerated
  • Heating: Heat PumpPropane
  • Fireplace: Fireplaces: 0
  • Disability Feature: Not ADA Compliant

This listing courtesy of Stephen J. Hardy, Hardy & Company

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Amy Biehl Community School at Rancho Viejo

310 Avienda Del Sur, Santa Fe, NM, 87508

Grades PK-6

15.64 miles away

A

Academy for Technology & Classics

74 A Van NU PO, Santa Fe, NM, 87508

Grades 7-12

14.57 miles away

S

Santa Fe High School

2505 Camino Entrada, Santa Fe, NM, 87507

Grades 9-12

17.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.