1003 W 1st St, Magdalena, NM 87825

$395,000
2
BD
4
BA
3,200
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$395,000
Status
ACTIVE
Days on Market
53
MLS#
20263305
Subtype
Residential
Style
Bungalow
Year Built
1946
Bedrooms
2
Bathrooms
4
Full Baths
1
Half Baths
3
Living Area
3,200
Lot Size
23,958
Acres
0.55
MLS Area Major
New Mexico Mls

Property Description

Opportunity truly abounds on this spacious 0.55-acre parcel in the historic Village of Magdalena, where character, history, and potential come together in one compelling package. The large commercial building offers an impressive footprint with a garage equipped with a lift, dedicated office space, a comfortable living area, overhead storage, and a generous retail section, all accented by original hardwood floors and beautiful tongue-and-groove wood paneling that speak to its past. One portion of the retail area will require significant repair due to a roof leak, but for the visionary buyer, its a blank canvas ready to be reimagined. This building has lived many lives, once a grocery store, a mechanics shop, and even a barbershop, adding to its charm and story. Complementing the commercial space is a cozy 1,000 sq ft adobe home featuring classic thick adobe walls that naturally regulate temperature year-round. The warm, spacious kitchen flows into a bright living and dining area, creating an inviting atmosphere throughout. Out back, the fully fenced yard frames stunning views of the Magdalena Mountains and includes its own garage. With Village water and sewer already connected, easy access, and endless possibilities for business, living, or both, this is a rare chance to bring new life to a property with deep roots and remarkable potential.

Additional Information

Taxes
$1,412
Property Description
Bungalow
Flooring
Carpet, Hardwood
Heating
Propane
Roof
Metal, Other
Parking Features
Detached
Garage Spaces
2
Elementary School
None/Other
Middle School
None/Other
High School
None/Other

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Catron County Realty.