Golden Spur Saloon with
For Sale
$1,150,000
505 1st St, Magdalena, NM 87825
Includes a neighboring café with updated building systems and newer equipment.
Property SizeContact for details
Days on Market574
Property Features for 505 1st St
General Information
Standard status
Active
Total Parking Spaces
10
Property subtype
Hospitality
Restaurant
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Road Access
Yes
Amenities
pool tables
stage area
storage
10 Parking Spaces
Building Details
Year Built
1936
Listing Agency:
Realty One of New Mexico dba R1 Commercial
(505) 883-9400
Listed By:
John Lucero · License #47657
(505) 883-9400
Source:
Carnm.resimplifi
Added: Feb 2, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty One of New Mexico dba R1 Commercial
Investment Insights
Based on property information with market context.
The Golden Spur Saloon is a 1936 bar property with original oak flooring, resurfaced pool tables, a stage, an open-air patio with seating, and substantial storage. Recent work includes plumbing and electrical updates, while the saloon is equipped with newer operating equipment. The sale also includes a dispensary license covering package liquor sales and Sunday liquor sales.
An adjacent Golden Grill Cafe is part of the offering. The café includes newer equipment and updated plumbing and electrical systems, creating a second operating component within the property. The two businesses are located on Main Street in Magdalena, New Mexico.
An adjacent Golden Grill Cafe is part of the offering. The café includes newer equipment and updated plumbing and electrical systems, creating a second operating component within the property. The two businesses are located on Main Street in Magdalena, New Mexico.
Key Highlights
- Golden Spur Saloon with adjacent Golden Grill Cafe included
- 1936 property retains original oak floors and includes a stage area
- Open outdoor patio with seating, resurfaced pool tables, and extensive storage
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
2,785 visits/mo
0.5 miles
Family Dollar
Shops & Services
2,596 visits/mo
0.3 miles
Demographics for 87825, NM
2,802
Population
1,401
Households
2
Avg Household Size
40
Median Age
14%
College-Educated
81%
High-School Grad
2,349.1 sq mi
ZIP Area
1
Density / Sq Mi
$29,712
Median Household Income
$21,613
Median Earnings
$110,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Golden Spur Saloon — Magdalena, NM 87825
Frequently Asked Questions
What type of property is this?
Bar & Pub - Includes a neighboring café with updated building systems and newer equipment.
Where is this bar & pub located?
The property is located at 505 1st St Magdalena, NM.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Golden Spur Saloon with adjacent Golden Grill Cafe included; 1936 property retains original oak floors and includes a stage area; Open outdoor patio with seating, resurfaced pool tables, and extensive storage
