2849 NM 14

$875,000

1 of 39

2849 NM 14

$875,000

Contact Presenting Broker

    Kelly Allen

    505.603.9161

    kelly allen

    Key Features

    • MLS: 202600307
    • Status: Active
    • Price: $875,000
    • Area: 12-Madrid/Cerrillos
    • Type: Business
    • Acres: 0.17

    About this Property

    Commercially zoned property in the heart of the quintessential historic town of Madrid, perfectly located on vibrant Main Street in a highly desirable location to capture business from tourists and locals alike. Madrid is a fun and colorful community just outside of Santa Fe and is the most popular visitor stop along the National Scenic Byway, the Turquoise Trail, making it an ideal day trip linking Santa Fe and Albuquerque. The Trail attracts visitors from all over the world who come to experience the rich culture and history of this picturesque Western town. The property features a fully equipped commercial kitchen and is being sold fully furnished and equipped to operate a successful restaurant. It also boasts a state-of-the-art fire alarm system. Currently leased to The Refinery, offering a solid investment opportunity with a high cap rate and return. At one time, the property operated as two businesses, a retail space in the Santa Fe Railroad railcar situated on site; the railcar is now configured as additional indoor dining. The property offers both indoor and outdoor dining experiences, with the outdoor space overlooking the Madrid Museum and long serving as a dynamic setting for dining and live music. Designated parking is conveniently located along State Highway 14 directly in front of the restaurant.

    Additional Features

    • Type Business
    • Days On Market 15
    • UtilitiesElectricity Available

    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

    Listing Brokerage

    IDX listing

    Leslie Gallatin-Giorgetti

    Keller Williams Realty

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