Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
2 Beds
4 Baths
3,200 sqft

$395,000

1003 W 1st ST, Magdalena NM, 87825

Price per sqft$123.44
Built in1946
Property size3,200 sqft
Property typeResidential
Courtesy of Jennifer Lee with Catron County Realty

Overview

Active

Listed Jun 4, 2026

Updated 6 days ago

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, it's a blank canvas ready to be reimagined. This building has lived many lives, once a grocery store, a mechanic's 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. The commercial property maybe purchased separately if desired. Call today for a tour of this amazing property!

$2,628/mo

Est. mortgage payment based on a $395,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
20263305

Interior Features

Bedrooms
2
Bathrooms
4
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.55 Acres

Other Property Details

Taxes
$1,412
Tax Frequency
Annually
Garage
Yes
55+/Senior Community
No
MLS provider logo

Property information should be verified by buyer. Listing information provided in part by the New Mexico Association of REALTORS®. Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the New Mexico Association of REALTORS®. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Katharine Fly shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Powered by Luxury Presence