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Property profile & analytics
OFF-MARKET
Land

1205 1St St Magdalena, NM 87825

Built 1965
Property ID
Property summary
AI-generated overview

This exceptional commercial property, situated on the corner of Highways 60 and 107 in Magdalena, New Mexico, presents a unique investment opportunity. The 11,761.2 square foot lot features a completely renovated approximately 800 square foot building constructed in 1965. Recent improvements include a new roof, windows, garage doors, and entry door. The interior boasts new insulation, sheetrock, and paint in both the office and restroom, which is ADA compliant. A brand new septic system has been installed, ensuring modern functionality. The property is connected to city water and benefits from a new 2-inch waterline—the only one of its kind in the village. One of the garage bays includes a functional lift, adding to the property's versatility. The building is powered by a 200-amp service. Located at 1205 W First Street, Magdalena, NM 87825, this property offers endless possibilities for a variety of commercial uses. Its prime location and extensive renovations make it an attractive investment in a thriving New Mexico community. The property's size and location at the intersection of two major highways provide excellent visibility and accessibility.

Property profile
Verified
Property type Land
Year built 1965
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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