About 2864 Nm 14
Unique residential, live-work or investment opportunity in downtown Madrid. Versatile mixed-use property with storefront and multiple residential units. Discover endless possibilities with this mixed-use property, ideally located in the heart of downtown Madrid. Anchored by an approximately 1,400-square-foot storefront, the space is ideal for retail and enjoys a high foot traffic area. Recent improvements include a brand new roof and updates to the electrical and plumbing systems, providing peace of mind for the next owner. Beyond the storefront, the property features three distinct residential spaces: a 320-square-foot upstairs studio apartment, a 612-square-foot downstairs one-bedroom apartment, and a 477-square-foot one-bedroom casita at the rear. Courtyards separate the casita from the main building, offering functional outdoor space. Whether you are looking for a live-work arrangement, seeking rental income, or considering a unique investment, this property is ready for its next chapter. Come see today and explore the opportunity in vibrant downtown Madrid!
Features of 2864 Nm 14
| MLS® # | 202603406 |
|---|---|
| Price | $540,000 |
| Bathrooms | 0.00 |
| Total Square Footage | 3,723 |
| Square Footage | 1,409 |
| Studio Square Footage | 932 |
| Acres | 0.18 |
| Year Built | 1920 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Style | Northern New Mexico, Other, See Remarks |
| Status | Active |
Community Information
| Address | 2864 Nm 14 |
|---|---|
| Area | 12-Madrid/Cerrillos |
| City | Cerrillos |
| County | Santa Fe |
| State | NM |
| Zip Code | 87010 |
Amenities
| Utilities | Electricity Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Flagstone, Tile, Wood |
|---|---|
| Interior Features | Interior Steps |
| Heating | Propane |
| Cooling | None, Refrigerated, Window Unit(s) |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Frame |
|---|---|
| Roof | Metal, Shingle |
| Construction | Frame |
School Information
| Elementary | Amy Biehl Community |
|---|---|
| Middle | Milagro |
| High | Santa Fe |
Additional Information
| Date Listed | August 6th, 2026 |
|---|---|
| Days on Market | 25 |
| Zoning | Other |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 20 |
| HOA Fees Freq. | Annually |
Listing Details
| Agent | Michael S. Sanford |
|---|---|
| Office | Barker Realty, LLC |