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Listed price in listed location currency (USD).
$875,000

000

MLS® 202600307

Overview

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes 
Days Active 3
Approx. Age 1989
MLS® Number 202600307

Property Address: 2849 Nm 14, Madrid, NM, 87010

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number202600307
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1989
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 2, 2026List Date
$875,000List Price

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