This beautiful income-producing property in historic downtown Madrid NM is ready for its new owners! Originally built as a Miners Boarding House, this prestigious building now supports a successful grocery store and owner's residence. This large flexible space offers numerous possibilities for commercial use or as a private residence. Zoned mixed use, this historic property would work well as a restaurant, grocery, gift shop, brewery or simply move in! 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, recent updates include a new roof, 400 amp electrical, newer plumbing, and instant hot water. The strong Private Well equipped with a 1000-gallon cistern provides a dependable water source and a new Septic System was installed in 2022! The lower level is currently a popular grocery store and has been wired to support a commercial kitchen with plenty of storage, including a walk-in cooler and freezer. (Grocery equipment and chattel to be sold separately.) 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. Please schedule through ShowingTime or call listing broker directly. Advanced notice required