Property Listing No Longer Available for Sale

404 1st Street, Magdalena, NM

Industrial for Sale - $495,000


Property Info

CIMLS#1080904
Location
  404 1st Street
  Magdalena NM 87825
UpdatedJune 1st, 2021
TypeIndustrial
Price$495,000

Property Description

The Western Hotel consists of 6 rooms. 5 rooms have 2 beds, fridge, small appliances for the convenience of the people staying overnight, and a 3/4 bath. 1 unit has a kitchenette off the bedroom, and has 2 separate access doors. The main house has so much potential for additional income stream. Two of the three bedrooms have been rented out in the past, and the house could be a fantastic ''Bed & Breakfast'' facility for additional income potential.RV Park consists of 12 to 14 extra large space, with community water, city sewer, electricity, & satellite connection. Spaces rent between $25.00 to $35.00 per night, but has the potential for higher rates. The main house consists of 1854 sq.ft. with 3 bedrooms, a large dining room, and country kitchen.


Financials