2885 Nm 14

Description

The Old Boarding House Mercantile is ready for new owners! 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 with all store equipment and chattel being included in the sale! 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 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. Price is negotiable should the new owner elect not to continue with the store operation. Please schedule through Showingtime or call listing broker directly. Advanced notice required