Description
The Old Boarding House Mercantile is BACK ON THE MARKET through no fault of the sellers! Dont miss this rare opportunity to own an income-producing live/work property in historic downtown Madrid NM! Built as a Miners Boarding House, this prestigious building now supports a successful grocery store and owners residence. Built in the late 1800s and brought by rail to Madrid, this beautiful property has been lovingly restored by the current owners. Taking care to preserve the original character, recent updates include a new roof, 400 amp electrical, newer plumbing, and instant hot water. A private well equipped with a 1000-gallon cistern provides a dependable water source bypassing the community water system. New Septic System! The lower level is a popular grocery store offering plenty of storage, a walk-in cooler, and freezer as well as a bonus room already wired for a commercial kitchen. The upper-level features tall ceilings with original finishes, multiple connecting rooms, and wet walls for ease of added baths. The covered screened porch showcases beautiful views and there is plenty of parking for all of your customers and guests. Additional space in the large walk-up attic offers more opportunity while a separate rental casita and original wash house are included in the sale as well as store equipment and inventory. The Company Van is to be sold separately. Please schedule through Showingtime or call listing broker directly. Advanced notice required
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5BEDS
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0.65ACRES
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2BATHS
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01/2 BATHS
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4,078SQFT
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$307$/SQFT
School Information
Description
The Old Boarding House Mercantile is BACK ON THE MARKET through no fault of the sellers! Dont miss this rare opportunity to own an income-producing live/work property in historic downtown Madrid NM! Built as a Miners Boarding House, this prestigious building now supports a successful grocery store and owners residence. Built in the late 1800s and brought by rail to Madrid, this beautiful property has been lovingly restored by the current owners. Taking care to preserve the original character, recent updates include a new roof, 400 amp electrical, newer plumbing, and instant hot water. A private well equipped with a 1000-gallon cistern provides a dependable water source bypassing the community water system. New Septic System! The lower level is a popular grocery store offering plenty of storage, a walk-in cooler, and freezer as well as a bonus room already wired for a commercial kitchen. The upper-level features tall ceilings with original finishes, multiple connecting rooms, and wet walls for ease of added baths. The covered screened porch showcases beautiful views and there is plenty of parking for all of your customers and guests. Additional space in the large walk-up attic offers more opportunity while a separate rental casita and original wash house are included in the sale as well as store equipment and inventory. The Company Van is to be sold separately. Please schedule through Showingtime or call listing broker directly. Advanced notice required
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Listing provided courtesy of Sasha Duffy of Coldwell Banker Mountain Prop: (505) 988-7285. © 2023 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.