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Located in the heart of historic Madrid village, this beautifully restored, arts-and-crafts bungalow offers a prime live/work location on Madrid Main Street. Original hardwood floors, full kitchen with laundry hook-up, living spaces plus prime gallery retail space in a highly visible location. The historic homes on Madrid Main Street are dually-zoned commercial and residential and are designed for both a comfortable residence along with commercial retail use. This location has been a successful art gallery and, formerly, a successful weaving shop. The charming bay window, gallery track lighting, covered back deck and good-sized fenced yard add to the property's unique qualities. Full basement for storage. Parking on site and at street. Very bright and inviting. Located on the Scenic Turquoise Trail, Madrid is the most popular visitor stop along the Trail. High speed internet is available in the village through CenturyLink. Walk to the surrounding restaurants and galleries and hiking is nearby in County Open Space. The village now also has its own radio station and magazine, all part of the new energy in the village including an active merchant association. A well-stocked general store provides daily necessities.