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203 State Highway 3, Ribera, NM, 87560

--beds
--baths
4,670sqft
$579,000
$124price/sqft
$3,871/moest. monthly cost
$154,840/yrincome needed

About This Home

A charming compound: two homes, a commercial building we call the Sala, and lots of parking space in the village of Ribera provides the perfect live/work opportunity. Live in one home and rent out the other while you operate an art gallery or retail space where the Ribera Farmer's Market has been located. Both homes have that Southwestern Style with vigas, and both have been recently updated with new electrical, new mini-splits, and so much more. The first home is an adobe with 3 bedrooms, living room, mini splits, wood stove, granite counters, eat in kitchen, laundry room, a full bathroom, with two covered portal porches, and is fully fenced. It shares electric meter with the commercial building. It is vacant and ready to move in and has rented for $1,500 per month in the past. The second home has 30 inch rock walls, 2 bedrooms, 1 bathroom, a covered portal porch, wood stove, and is fully fenced. It is currently rented for $1,100 per month, and it has its own electric meter. The Sala commercial building is a large adobe and rock building with high ceilings and gorgeous vigas. There is plenty of parking all around, with views of the mesa and close to I-25 for a 20 minute drive to Las Vegas NM or 40 minutes to Santa Fe. Villanueva State Park is just down the road with camping and hiking. This beautiful New Mexico style compound has income and space to live and work in a beautiful environment! Be sure to watch both video tours in the video links.

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
17
BikeSomewhat Bikeable

Schools

--
Valley Elementary SchoolGrades PK-54.3 mi
--
Valley Middle SchoolGrades 6-84.3 mi
3/10
W Las Vegas High SchoolGrades 9-1219.7 mi

Construction

Condition

  • Year built: 1935

Materials

  • Roof: Metal
  • Construction materials: Adobe,Rock

Type & Style

  • Home type: SingleFamily
  • Architectural style: Northern New Mexico,One Story
  • Property subType: Single Family Residence

Interior

Features

  • No Interior Steps
  • Flooring: Wood

Heating & Cooling

  • Heating features: Ductless,Wood Stove
  • Cooling features: Ductless,Refrigerated

Interior Area

  • Total structure area: 4,670
  • Total interior livable area: 4,670 sqft

Property

Accessibility

  • Accessibility features: Not ADA Compliant

Details

  • Parcel number: 380360
  • Zoning: Other,Rural Residential
  • Special condition: Standard

Lot

  • Lot size: 0.86 Acres