1205 1St St Magdalena, NM 87825
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.