Imagine owning a piece of history in the charming town of Madrid, New Mexico. This 1.468-acre commercial/residential lot offers a rare chance to create your own oasis amidst the town's rich mining heritage. Nestled at the top of the ridge, you'll find secluded and breathtaking views of the Ortiz Mountains. Enjoy historic Madrid while remaining conveniently close to local shops, galleries, and the town's bustling main drag
One of the last vacant commercial/residential lots in Madrid.
Lovely views of the Ortiz and Sandia mountain ranges surround this ten acre parcel with several flat building sites and a private well head. Enjoy the tranquility of off-grid living on land dappled with pinyon and juniper, yet close to the artists and crafts makers of the village of Madrid and the justly popular Mine Shaft Tavern. Albuquerque and Santa Fe are each about 30 minutes away.
Building lot in Madrid, almost immediately off the pavement of Highway 14, in the heart of town. Easy-to-access rectangular lot with gentle slope, with mountain/townsite views from the top of the lot. Excellent home business location/residential use. Nice place to live or live/work in this thriving, historic old mining village, now replete with galleries, restaurants, shops, its own radio station, the landmark Mineshaft Tavern, music events, ballpark, hiking trails, and more, all in walking distance. It's situated just outside the Madrid Historical Overlay which gives more leeway in building styles. Not far (30 minutes) to Southside of Santa Fe, under an hour to Albuquerque/airport. Electric in road.
The median home value in Madrid, NM is $300,000. This is lower than the county median home value of $490,000. The national median home value is $338,100. The average price of homes sold in Madrid, NM is $300,000. Approximately 24.81% of Madrid homes are owned, compared to 53.38% rented, while 21.81% are vacant. Madrid real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Madrid real estate agent to arrange a tour today!
Madrid, New Mexico has a population of 276. Madrid is less family-centric than the surrounding county with 18.61% of the households containing married families with children. The county average for households married with children is 23.22%.
The median household income for the surrounding county is $64,423 compared to the national median of $69,021. The median age of people living in Madrid is 59.6 years.
The average high temperature in July is 88 degrees, with an average low temperature in January of 20.8 degrees. The average rainfall is approximately 15 inches per year, with 31.1 inches of snow per year.