39
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$875,000
Est. payment /mo
7,405 Sqft Lot
Active
2849 NM 14 Madrid, NM 87010
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202600307
HOA Y/N No
Year Built 1989
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Business
Property Description
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.
Location
State NM
County Santa Fe
Zoning Other
Interior
Fireplace No
Exterior
Utilities Available Electricity Available
Water Access Desc Community/Coop
Private Pool No
Building
Water Community/Coop
Others
Tax ID 76003976
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Leslie Gallatin-Giorgetti • Keller Williams Realty
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