2881 & 2883-B Nm 14

$600,000

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2881 & 2883-B Nm 14

$600,000

Contact Presenting Broker

    Kelly Allen

    505.603.9161

    kelly allen

    Key Features

    • MLS: 202504270
    • Status: Active
    • Price: $600,000
    • Area: 12-Madrid/Cerrillos
    • Type: Residential
    • 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 Residential
    • Days On Market 76
    • UtilitiesElectricity Available, Sewer Not Available
    • Exterior FeaturesNone
    • SewageNone

    Neighborhoods

    Cerrillos & Madrid

    Madrid, a booming coal town from the late 19th century to the mid-20th century, was on the verge of ghost-town extinction when artists and free-spirited hippies arrived and infused new life to the town in the 1970s. Located 23 miles south of Santa Fe on State Highway 14, also known…

    The Turquoise Trail

    A captivating road from Santa Fe all the way to Albuquerque, the Turquoise Trail offers many lots with 2.5 acres or larger. 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…

    Santa Fe County Southwest

    Affordable family homes abound in this rapidly growing area with plans for expansion extending into the 2050s. Largely made up of rolling hills dotted with pinon and juniper, most of the communities located here have extraordinary views of the Jemez Mountains, the Sangre de Cristo Mountains and the Sandia Mountains.…

    Schools

    • Elementary School: Turquoise Trail
    • Junior High School: Milagro
    • High School: Santa Fe

    Listing Brokerage

    IDX listing

    Leland Titus

    Santa Fe Realty Unlimited

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