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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
