Magdalena NM Commercial for Sale
$750,000
303 First Street Magdalena, NM 87825
- Type:
- Other
- Sq.Ft.:
- 8,627
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.98 Acres
- Baths:
- MLS#:
- 1073642
View additional info
Courtesy: Realty One of New Mexico
575-854-3470
505-850-8225
ADDITIONAL INFORMATION
Nestled in the historic town of Magdalena, New Mexico, this charming hotel offers a variety of accommodations, including one king-size room, five doubles, five singles, and two suites. The property exudes a Southwestern flair with modern upgrades, combining rustic charm with contemporary comfort. Ideal for travelers seeking a unique stay, the hotel also presents great potential for a restaurant and lounge, with a separate two-bedroom, one-bath living quarters perfect for the owner or manager. With its prime location and versatile spaces, this hotel offers endless possibilities for growth and development in a vibrant, artisan community.
- Type:
- General Commercial
- Sq.Ft.:
- 1,600
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.27 Acres
- Year built:
- 1965
- Baths:
- 1.00
- MLS#:
- 20226478
ADDITIONAL INFORMATION
GREAT LOCATION!! This commercial property is located on the corner of Highway 60 and Highway 107 in the Village of Magdalena. The property has been completely renovated and has a new roof, windows, garage doors and entry door. The interior has new insulation, sheetrock, and paint in the office and restroom. The restroom is ADA compliant. A new septic system has been installed. The property is on city water and has a new 2" waterline, the only one in the Village. There is a lift in one of the garage bays the is operable. The building is on a 200 amp service, approximately 800 square feet and sits on approximately .27 acres. The possibilities are endless with this property.
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Magdalena Real Estate
The median home value in Magdalena, NM is $151,100. This is lower than the county median home value of $153,900. The national median home value is $338,100. The average price of homes sold in Magdalena, NM is $151,100. Approximately 56.4% of Magdalena homes are owned, compared to 2.43% rented, while 41.17% are vacant. Magdalena real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Magdalena real estate agent to arrange a tour today!
Magdalena, New Mexico has a population of 815. Magdalena is less family-centric than the surrounding county with 9.58% of the households containing married families with children. The county average for households married with children is 26.07%.
The median household income in Magdalena, New Mexico is $26,081. The median household income for the surrounding county is $38,242 compared to the national median of $69,021. The median age of people living in Magdalena is 62.1 years.
Magdalena Weather
The average high temperature in July is 84 degrees, with an average low temperature in January of 17.2 degrees. The average rainfall is approximately 14.2 inches per year, with 13.1 inches of snow per year.