The Old Boarding House Mercantile! Don't miss out on this rare opportunity to own an income-producing live/work property in historic downtown Madrid NM! Built specifically as a Miners Boarding House this prestigious building now supports a successful grocery store and owner's residence. Built in the late 1800s and brought by rail to Madrid, this beautiful property has been lovingly restored by the current owners. Taking care to preserve the original character, some recent updates include a new roof, 400 amp electrical, newer plumbing, and instant hot water. A strong private well equipped with a 1000-gallon cistern and aerator provides a dependable water source while bypassing the community water system. The lower level operates a popular and successful grocery store offering plenty of storage, a walk-in cooler, and freezer as well as a bonus room already wired for a commercial kitchen. The upper-level features tall ceilings with original finishes, multiple connecting rooms, and wet walls for ease of added baths. The covered screened porch showcases beautiful views and there is plenty of parking for all of your customers and guests. Additional space in the large walk-up attic offers more opportunity while a separate rental casita and original 'wash house' are included in the sale. All store equipment and inventory such as coolers, cash registers, and a company van are to be sold separately. Please schedule through Showingtime or call listing broker directly. Advanced notice required