2864 NM 14 Cerrillos, NM $ 540,000
2864 NM 14
$ 540,000
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2864 NM 14

Cerrillos, NM, 87010
$ 540,000
Bedrooms-- Baths-- Sq 1,409

Monthly Estimate*

$ 3,410

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Commercial Property for sale in Cerrillos, NM

for $540,000. This 1,409 square foot building was built in 1920 on a lot size of 0.18.

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!

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Commercial Active

Price

$ 540,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.18

Year Built

1920

Town/City

Cerrillos

County/Region

Santa Fe

MLS | Web ID

202603406

Features
General
Sewer Septic Tank
Heating Propane
Cooling None Refrigerated Window Unit(s)
Utilities Electricity Available
Possession Closing & Funding Close Of Escrow
Roof Metal Shingle
Zoning Other
HOA Fee 20
Association Fee Includes Other See Remarks
Architectural Style Northern New Mexico Other See Remarks
Construction Materials Frame
Year Built 1920
Property Subtype Retail
Current Use Retail
Business Type Other Retail
Accessibility Not ADA Compliant
Assoc Fee Paid Per Annually
County Santa Fe
Property Type Commercial Sale
HOA false
Possible Use Mixed Use Other Retail
Garage Y/N false
Building Features Storefront
Other Structures Guest House Detached Studio Attached
Special Listing Conditions Standard
Status Active
Directions In downtown Madrid on east side of the road across the street from Wild Hogs.
High School Santa Fe
City Cerrillos
Disclosures Lead Based Paint Disclosure
Zoning Description Traditional Community with/in the Madrid Commercial Overlay
Lot Size Units Acres
Lot Size Square Feet 7685
Listing Terms Cash Conventional
Elementary School Amy Biehl Community
Year Built Details Estimated by owner county records are wrong.
Land Lease Y/N false
Middle/Junior High School Milagro
MLS Area Minor 12-Madrid/Cerrillos
Lease Considered Y/N false
Virtual Tour https://www.zillow.com/view-imx/2dc50eac-a425-4f21-83e9-aec76b3f9ba8?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard https://www.zillow.com/view-imx/2dc50eac-a425-4f21-83e9-aec76b3f9ba8?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Living Area Units Square Feet
Standard Status Active
Year Built Source Estimated
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Interior
Interior Amenities Interior Steps
Flooring Flagstone Tile Wood
Basement (Y/N) false
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Total Baths 0
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Exterior
Lot Size Area 0.18
Building Area Total 3723
Lot Size Acres 0.18
Lot Size Source Public Records
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* Excluded Features
List By
Michael S. Sanford

Listing Agent

Barker Realty, Llc

Broker

mikesanfordnm@gmail.com

Email

Affordability Calculator

$3,410
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,410
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1015826 Elementary School
2168301 Middle School
Santa Fe High School High School
Pricing History
DatePricePrice ChangeDescription
8/6/2026$540,000 Listed Price

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2864 NM 14, Cerrillos, NM, 87010 is a Commercial Property for sale at $540,000 with 1,409 sqft and a lot size of 0.18. 2864 NM 14 was built in 1920. The property's zip code is 87010 which is in Cerrillos, NM