2849 NM 14 - Retail FOR SALE


Madrid, NM 87010
$875,000 USD
505-670-7578
2849 NM 14, Madrid, NM for Sale
$875,000 USD
Retail - FOR SALE
1/39
null | Request Cap Rate

2849 NM 14
Madrid, NM 87010


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,275 SF

ZONING

TC

APN/PARCEL ID

076003976

ASK ABOUT THIS PROPERTY

Leslie GiorgettiKeller Williams RealtyMore Info
505-670-7578

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Leslie GiorgettiKeller Williams RealtyMore Info
505-670-7578

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.