Set on the scenic Turquoise Trail in the heart of the historic Madrid Main Street business district, this versatile property with both commercial and residential zoning offers a wonderful opportunity for live/work, retail or a comfortable residential setting. The offering includes two lots of record, one with a home along with the adjoining vacant lot, both with community water. Located in a highly-visible location and the site for over 20 years of the successful fine textile retail gallery Seppanan and Daughters, the home has stunning wood floors, vaulted tongue-in-groove ceilings, and wrap around porch. The natural light, including multiple skylights, provides the perfect showroom setting. With full bath, kitchen and laundry area, the property could be used as Live/Work and a business or residence could be added on the vacant lot. Totaling about .38 acres for the two legal lots of record, there is ample room for outdoor living, expansion, and/or an additional structure. The lot has mature shade trees and is deep enough to create a private and shaded area away from the main road. Madrid Main Street is the most popular visitor stop along the Scenic Turquoise Trail, a national scenic byway that runs from Albuquerque to Santa Fe, and home to over 40 businesses, galleries and restaurants. There is an active merchant association to support this creative community. High-speed internet is available through CenturyLink.