Active
2859 NM 14 , Cerrillos, NM 87010
2859 NM 14 , Cerrillos, NM 87010
  • $989,000
  • 4
  • Bedrooms
  • 3
  • Bathrooms
  • 2978
  • 0.12
  • Lot Size Acres
  • 1990
  • Year Built

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 Agent

Stephen J. Hardy - Hardy & Company

Details

Updated on August 2, 2025 at 7:00 pm
  • Sq ft: 2978
  • Lot size: 0.12 Acres
  • Property Status: Active
  • Date listed: 2025-05-21
  • Days on Market: 84
  • Year Built: 1990
  • MLS # 202502250
  • Bedrooms: 4
  • Bathrooms: 3
  • Full:2
  • Three Quarters:
  • Half:1

Financial Details

  • Price: $989,000
  • $/sq ft
  • Listing Terms: Cash, Conventional

Additional details

  • Roof: Pitched
  • Utilities: Electricity Available
  • Sewer: Septic Tank
  • Cooling: Ductless, Heat Pump, Refrigerated
  • Heating: Heat Pump, Propane
  • Flooring: Laminate, Tile, Wood
  • Elementary School: Amy Biehl Community
  • Middle School: Milagro
  • High School: Santa Fe
  • Architectural Style: Northern New Mexico

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  • Address 2859 NM 14
  • City Cerrillos
  • State/county NM
  • Zip/Postal Code 87010

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THE DATA RELATING TO REAL ESTATE FOR SALE IN THIS WEBSITE COMES IN PART FROM THE INTERNET DATA EXCHANGE ("IDX") PROGRAM OF SANTA FE ASSOCIATION OF REALTORSĀ®, INC. FROM A COPYRIGHTED COMPILATION OF LISTINGS. ALL DATA IN THIS WEBSITE IS DEEMED RELIABLE BUT IS NOT GUARANTEED ACCURATE, AND SHOULD BE INDEPENDENTLY VERIFIED. THE INFORMATION PROVIDED IS FOR CONSUMERS' PERSONAL, NON-COMMERCIAL USE AND MAY NOT BE USED FOR ANY PURPOSE OTHER THAN TO IDENTIFY PROSPECTIVE PROPERTIES CONSUMERS MAY BE INTERESTED IN PURCHASING. ALL PROPERTIES ARE SUBJECT TO PRIOR SALE OR WITHDRAWAL. ALL RIGHTS RESERVED.

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