2895 State Highway 14 #B, Cerrillos, NM 87010

Offering a rare opportunity for a creative go-getter investor! In the heart of downtown Madrid, New Mexico, this is the former Madrid Schoolhouse. It is currently 100% leased out with an income of about $65,000 a year. There is 10,000 sq.ft. of versatile space. The original all-stone building has been extensively remodeled including new oak floors, electrical lighting fixtures, an addition of 2 baths in 2006, and a new foam roof in the 90's. A very unique property with endless possibilities/opportunities. There is the potential for rezoning per the Madrid plan.